Form 4: PPG Industries Executive Kevin D. Braun Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Kevin D. Braun, a Senior Vice President at PPG Industries, reported the acquisition of phantom stock units convertible to common stock, according to a recent SEC Form 4 filing.
Summary
- On February 14, 2025, Kevin D. Braun, a Senior Vice President at PPG Industries, acquired phantom stock units.
- These units are convertible to common stock on a one-for-one basis after termination of employment with PPG.
- The transaction resulted in Mr. Braun holding a total of 567.893 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.
- The price of the phantom stock units was $117.75.
- The reported transaction was filed on February 18, 2025.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies like PPG Industries. It provides transparency into the holdings of company insiders.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Date of transaction: Acquisition of phantom stock units |
| 02/18/2025 | Date of filing: SEC Form 4 filing |
Keywords
Form 4, PPG Industries, Kevin D. Braun, Phantom Stock Units, Beneficial Ownership, SEC Filing, Deferred Compensation Plan
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