Form 4: PPG Industries Executive Acquires Phantom Stock Units
SEC Filing
Kevin D. Braun, a Senior VP at PPG Industries, acquired phantom stock units convertible to common stock, according to a recent SEC filing.
Summary
- This SEC Form 4 filing reports a transaction by Kevin D. Braun, a Senior VP at PPG Industries.
- On March 12, 2025, Braun acquired 3.4868 phantom stock units.
- These units are convertible to common stock on a one-for-one basis after termination of employment with PPG.
- The price of the phantom stock units was $110.98.
- Following the transaction, Braun beneficially owns 573.1675 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a neutral report of an insider transaction, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves phantom stock units and not direct stock purchases on the open market.
Key Dates
| Date | Description |
|---|---|
| 03/12/2025 | Date of transaction: Acquisition of phantom stock units. |
| 03/13/2025 | Date of signature on the report. |
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