Form 4: PPG Industries Executive Acquires Phantom Stock Units

Kevin D. Braun, a Senior Vice President at PPG Industries, acquired 6.3514 phantom stock units on January 31, 2025.

Summary

• Kevin D. Braun, a Senior Vice President at PPG Industries, has reported the acquisition of 6.3514 phantom stock units.
• The transaction occurred on January 31, 2025.
• These phantom stock 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 $115.38.
• Following this transaction, Mr. Braun holds a total of 566.8587 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.

Sentiment

Score: 5

Explanation: The document is a routine filing of an executive stock transaction, which is neither positive nor negative for the company's overall performance.

Industry Context

This is a routine filing related to executive compensation and is common practice for publicly traded companies like PPG Industries.

Comparison to Industry Standards

• Executive compensation packages often include phantom stock units as a way to align executive interests with shareholder value.
• The use of phantom stock units is a common practice among large, publicly traded companies, including those in the materials and chemicals sector, such as Sherwin-Williams and DuPont.
• These types of transactions are regularly reported via SEC Form 4 filings.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects a change in executive holdings.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

PPG Industries, phantom stock units, executive compensation, insider trading, Form 4, deferred compensation, equity securities