Form 4: PPG Industries Director 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 16, 2025, Director Martin Richenhagen acquired 1,368 shares of PPG Industries common stock upon the vesting of restricted stock units.
- Simultaneously, 5 shares were disposed of at a price of $98.42.
- Following these transactions, Richenhagen directly owns 31,842 shares of PPG Industries common stock.
- Additionally, Richenhagen acquired 1,849 restricted stock units on April 17, 2025, which vest on April 15, 2026.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
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 trading activities of company directors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company director.
Key Dates
| Date | Description |
|---|---|
| 04/18/2024 | Date restricted stock units were granted to the reporting person. |
| 04/16/2025 | Vesting date of 1,368 restricted stock units and acquisition of common stock. |
| 04/16/2025 | Disposition of 5 shares of common stock. |
| 04/17/2025 | Acquisition of 1,849 restricted stock units. |
| 04/15/2026 | Vesting date of 1,849 restricted stock units. |
| 04/18/2025 | Date of signature for the Form 4 filing. |
Keywords
PPG Industries, Director, Stock Transactions, Form 4, Richenhagen, Restricted Stock Units, Common Stock, Vesting
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.