Form 4: PPG Industries CEO Timothy Knavish Reports Changes in Beneficial Ownership
SEC Filing
Timothy Knavish, Chairman and CEO of PPG Industries, reports changes in beneficial ownership related to phantom stock units.
Summary
- This is a Form 4 filing by Timothy M. Knavish, Chairman and CEO of PPG Industries, reporting changes in his beneficial ownership of the company's securities.
- The reported transaction involves the acquisition of phantom stock units that convert to common stock on a one-for-one basis after termination of employment.
- Knavish acquired 63.4091 phantom stock units at a price of $125.49 on September 12, 2024.
- Following the reported transaction, Knavish beneficially owns 11,166.1659 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is considered neutral.
Positives
- The acquisition of phantom stock units aligns the executive's interests with the long-term performance of the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of company executives.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of transaction involving phantom stock units |
| 09/13/2024 | Date of signature on the report |
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