Form 4: PPG Industries CEO Timothy Knavish Reports Stock Transactions
SEC Form 4 Filing
Chairman and CEO of PPG Industries, Timothy M. Knavish, reports acquisition and disposal of company stock on February 19, 2025.
Summary
- Timothy M. Knavish, Chairman and CEO of PPG Industries, filed a Form 4 detailing changes in beneficial ownership of PPG stock.
- On February 19, 2025, Knavish acquired 7,766 shares of common stock at $0 related to the settlement of a 2022 restricted stock unit performance award.
- On the same day, Knavish disposed of 2,216 shares of common stock at $116.79.
- Following these transactions, Knavish directly owns 41,383 shares of PPG common stock.
- Knavish also indirectly owns 5,264.37 shares through the PPG Industries Employee Savings Plan as of February 19, 2025.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing. It simply reports transactions and doesn't inherently indicate positive or negative sentiment about the company's future.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key executives and potentially gain insights into their perspectives on the company's performance and future prospects.
Stakeholder Impact
- Shareholders may be interested in the trading activity of the CEO as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 02/19/2025 | Date of stock acquisition and disposal. |
| 02/19/2025 | Date of total amount of shares held for the reporting person in the reporting person's account in the PPG Industries Employee Savings Plan. |
| 02/21/2025 | Date of signature on the Form 4 filing. |
Keywords
PPG Industries, Timothy Knavish, stock transaction, Form 4, beneficial ownership, restricted stock unit, employee savings plan
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