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 after termination of employment.
Summary
- On July 31, 2024, Kevin D. Braun, a Senior Vice President at PPG Industries, acquired 4.7396 phantom stock units.
- These units convert to common stock on a one-for-one basis after termination of employment with PPG.
- The price of the derivative security is $126.98.
- Following the transaction, Braun beneficially owns 533.6195 derivative securities.
- The phantom stock units are held in the PPG Industries, Inc. Deferred Compensation Plan 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 detailing an executive's stock acquisition. It doesn't inherently convey positive or negative sentiment.
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
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the compensation and holdings of company executives.
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | Date of transaction: Kevin D. Braun acquired phantom stock units. |
| 08/01/2024 | Date of signature on the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.