Form 4: PPG Industries Executive Acquires Phantom Stock Units
SEC Form 4 Filing
Kevin D. Braun, Sr VP of Operations at PPG Industries, reports the acquisition of phantom stock units convertible to common stock after termination of employment.
Summary
- Kevin D. Braun, a Senior Vice President at PPG Industries, filed a Form 4 disclosing a transaction involving phantom stock units.
- On October 31, 2024, Braun acquired 5.3251 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 $124.51.
- Following the transaction, Braun beneficially owns 550.9358 phantom stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't inherently indicate positive or negative sentiment.
Future Outlook
The phantom stock units will convert to common stock on a one-for-one basis after termination of employment with PPG.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company securities, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 10/31/2024 | Date of transaction: Acquisition of phantom stock units |
| 11/01/2024 | 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.