Form 4: PPG Industries Executive Brian Williams Reports Stock Award and 401(k) Holdings
SEC Form 4 Filing
Brian Richard Williams, Vice President and Controller of PPG Industries, reports the acquisition of common stock as a bonus and holdings in the company's 401(k) plan.
Summary
- On February 29, 2024, Brian Richard Williams, Vice President and Controller of PPG Industries, reported a transaction involving PPG Industries Inc. common stock.
- Williams acquired 338 shares of common stock as a bonus under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan at a price of $0.
- As of February 29, 2024, Williams directly owns 2,312 shares of common stock.
- Williams also indirectly owns 1,592.35 shares of common stock through the PPG Industries Employee Savings Plan (401(k)).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating neutral sentiment.
Positives
- The acquisition of shares as a bonus indicates the company's commitment to incentivizing its executives through equity.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices at PPG Industries.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of stock transaction and 401(k) holdings reporting |
| 03/04/2024 | Date of signature on the Form 4 filing |
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