Form 4: PPG Industries Executive Acquires Phantom Stock Units
SEC 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 VP at PPG Industries, filed a Form 4 disclosing changes in beneficial ownership.
- The reported transaction involves the acquisition of phantom stock units that convert to common stock on a one-for-one basis after termination of employment.
- On May 15, 2025, Braun acquired 0.831 phantom stock units at a price of $113.06.
- Following the transaction, Braun beneficially owns 595.3547 phantom stock units.
- These units are held directly and represent interests in an unfunded unitized company stock fund comprised of stock and cash within the PPG Industries, Inc. Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Date of transaction: Acquisition of phantom stock units. |
| 05/16/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Phantom Stock Units, PPG Industries, Executive Compensation, Securities Exchange Act
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