Form 4: PPG Industries Executive Acquires Phantom Stock Units
SEC Form 4 Filing
Kevin D. Braun, a Senior VP at PPG Industries, reported the acquisition of phantom stock units convertible to common stock after termination of employment.
Summary
- On September 12, 2024, Kevin D. Braun, a Senior VP at PPG Industries, acquired 3.0646 phantom stock units.
- These units convert to common stock on a one-for-one basis after termination of employment.
- The price per unit was $125.49.
- Following the transaction, Braun holds a total of 541.2901 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track potential shifts in sentiment or alignment of interests.
Stakeholder Impact
- The acquisition of phantom stock units by a company executive can signal confidence in the company's future performance to shareholders.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of transaction: Kevin D. Braun acquired phantom stock units. |
| 09/13/2024 | Date of report signature. |
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