Form 4: PPG Industries CEO Timothy Knavish Reports Acquisition of Phantom Stock Units

PPG Industries Chairman and CEO Timothy Knavish reports the acquisition of phantom stock units convertible to common stock after termination of employment.

Summary

• Timothy M. Knavish, Chairman and CEO of PPG Industries, filed a Form 4 on May 1, 2025, reporting a transaction on April 30, 2025.
• The transaction involved the acquisition of phantom stock units that convert to common stock on a one-for-one basis after termination of employment.
• Knavish acquired 0.8911 phantom stock units at a price of $108.86, resulting in a total holding of 11,570.4158 phantom stock units.
• These units are held directly and represent interests in an unfunded unitized company stock fund comprised of stock and cash within the PPG Industries, Inc. Deferred Compensation Plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to executive compensation, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It reflects changes in beneficial ownership of company securities.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as it reflects changes in executive compensation and ownership.

Key Dates

Keywords

Form 4, PPG Industries, Timothy Knavish, phantom stock units, beneficial ownership, stock, securities