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
- Kevin D. Braun, a Senior Vice President at PPG Industries, filed a Form 4 disclosing changes in beneficial ownership.
- The transaction involved the acquisition of 1.588 phantom stock units on March 12, 2024.
- 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 $141.31.
- Following the transaction, Braun holds 507.1164 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Date of transaction: Acquisition of phantom stock units |
| 03/13/2024 | Date of signature for the Form 4 filing |
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