Form 4: PPG Industries Executive Kevin D. Braun Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Kevin D. Braun, Sr. VP of Industrial Coatings at PPG Industries, reported the acquisition of phantom stock units as a deferred bonus payment.
Summary
- On February 29, 2024, Kevin D. Braun, Sr. VP of Industrial Coatings at PPG Industries, acquired 154.6841 phantom stock units as a deferred bonus payment.
- These phantom stock units convert to common stock on a one-for-one basis after termination of employment with PPG.
- Following the transaction, Braun directly owns 505.5284 phantom stock units through the PPG Industries, Inc. Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't convey any positive or negative sentiment about the company's performance or future prospects.
Future Outlook
The phantom stock units will convert to common stock after termination of employment with PPG.
Industry Context
This filing is a routine disclosure of insider transactions, providing transparency into executive compensation and ownership within PPG Industries.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects executive compensation and ownership alignment.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of transaction: Kevin D. Braun acquired phantom stock units. |
| 03/01/2024 | Date of signature on the Form 4 filing. |
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