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 the acquisition of phantom stock units convertible to common stock following a transaction on August 30, 2024.
Summary
- On August 30, 2024, Timothy M. Knavish, Chairman and CEO of PPG Industries, acquired 20.8254 phantom stock units.
- These units convert to common stock on a one-for-one basis after termination of employment with PPG.
- The price of the phantom stock units was $129.73.
- Following the transaction, Knavish beneficially owns 11,102.7568 phantom stock units through the PPG Industries, Inc. Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting a standard transaction. It doesn't convey any particular positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings of company executives.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves phantom stock units within a deferred compensation plan.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Date of transaction: Acquisition of phantom stock units. |
| 09/03/2024 | Date of signature on the Form 4 filing. |
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