Form 4: PPG Industries Director Martin Richenhagen Reports Stock Transactions
SEC Form 4 Filing
Director Martin Richenhagen reports acquisition and disposal of PPG Industries common stock related to vesting of restricted stock units.
Summary
- On April 17, 2024, Martin Richenhagen, a director of PPG Industries, acquired 1,174 shares of common stock upon the vesting of restricted stock units granted on April 20, 2023.
- Also on April 17, 2024, Richenhagen disposed of 3 shares of common stock at a price of $134.96.
- Following these transactions, Richenhagen directly owns 30,479 shares of PPG common stock.
- On April 18, 2024, Richenhagen acquired 1,368 restricted stock units which vest on April 16, 2025.
- Following these transactions, Richenhagen directly owns 1,368 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of company leadership.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 04/20/2023 | Date restricted stock units were granted to the reporting person |
| 04/17/2024 | Date of common stock acquisition and disposal due to vesting of restricted stock units |
| 04/18/2024 | Date of restricted stock units acquisition |
| 04/16/2025 | Vesting date of restricted stock units acquired on April 18, 2024 |
| 04/19/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.