Form 4: PPG Industries Executive Kevin D. Braun Reports Acquisition of Phantom Stock Units

Senior VP of Operations at PPG Industries, Kevin D. Braun, reports acquiring phantom stock units convertible to common stock after termination of employment.

Summary

• Kevin D. Braun, a Senior VP of Operations at PPG Industries, filed a Form 4 indicating changes in beneficial ownership.
• The reported transaction involves the acquisition of 1.7877 phantom stock units on February 28, 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 derivative security is $113.22.
• Following the reported transaction, Braun beneficially owns 569.6807 derivative securities.
• The phantom stock units are held directly and represent interests in an unfunded unitized company stock fund comprised of stock and cash.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment, but rather reports a transaction.

Future Outlook

The phantom stock units will convert to common stock on a one-for-one basis after termination of employment with PPG.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates an executive's continued investment in the company's future.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and alignment with company performance.

Key Dates