Form 4: PPG Industries CEO Timothy Knavish Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
PPG Industries Chairman and CEO Timothy Knavish reports acquiring phantom stock units convertible to common stock after termination of employment.
Summary
- On September 30, 2024, Timothy M. Knavish, Chairman and CEO of PPG Industries, reported acquiring phantom stock units.
- These units convert to common stock on a one-for-one basis after termination of employment with PPG.
- The transaction involved 24.6531 phantom stock units at a price of $132.46 per unit.
- Following the reported transaction, Knavish beneficially owns 11,218.2183 phantom stock units through the PPG Industries, Inc. Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, providing transparency to the market.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and holdings.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: Acquisition of phantom stock units. |
| 10/01/2024 | Date of signature on the report. |
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