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

PPG Industries' Chairman and CEO, Timothy M. Knavish, reported the acquisition of 67.7528 phantom stock units on June 12, 2025, as part of a deferred compensation plan.

Summary

• Timothy M. Knavish, Chairman and CEO of PPG Industries, Inc. (PPG), reported a transaction on June 12, 2025.
• The transaction involved the acquisition of 67.7528 phantom stock units.
• Each phantom stock unit was valued at $112.03 at the time of the transaction.
• Phantom stock units convert to common stock on a one-for-one basis.
• Following this transaction, Mr. Knavish beneficially owns a total of 11,693.6285 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.
• These phantom stock units represent interests in an unfunded unitized company stock fund, which comprises both stock and cash.
• The number of shares attributed to the reporting person can change based on the fair market value of PPG's common stock and the amount of cash in the fund.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of an executive's acquisition of phantom stock units as part of a deferred compensation plan, which is a neutral event in terms of immediate sentiment, though it does show continued executive alignment with company performance.

Positives

• Timothy M. Knavish, Chairman and CEO, acquired additional phantom stock units, indicating continued participation in the company's long-term incentive plans.
• The acquisition of phantom stock units aligns management's interests with shareholder value, as these units convert to common stock.

Risks

• The value of phantom stock units, and thus the ultimate number of shares attributed, can fluctuate based on the fair market value of PPG's common stock and the amount of cash in the fund.

Future Outlook

The acquired phantom stock units will become exercisable after Timothy M. Knavish's termination of employment with PPG, converting to common stock on a one-for-one basis.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction and does not provide information directly related to broader industry trends or the competitive landscape.

Stakeholder Impact

• Shareholders: The acquisition of phantom stock units by the Chairman and CEO aligns his interests with shareholder value, as the units convert to common stock.

Next Steps

• The phantom stock units will convert to common stock upon Timothy M. Knavish's termination of employment with PPG.

Key Dates

Keywords

PPG Industries, Timothy Knavish, Form 4, SEC filing, Insider Transaction, Phantom Stock Units, Deferred Compensation, Executive Compensation, PPG