Form 4: PPG Industries Executive Kevin D. Braun Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Kevin D. Braun, a Senior VP at PPG Industries, reported the acquisition of phantom stock units convertible to common stock after termination of employment.
Summary
- On March 14, 2025, Kevin D. Braun, a Senior VP at PPG Industries, acquired 1.1974 phantom stock units.
- These units convert to common stock on a one-for-one basis after termination of employment.
- The price of the derivative security was $113.47.
- Following the transaction, Braun holds a total of 574.3649 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.
- The phantom stock units 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 a routine transaction. 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.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of transaction: Acquisition of phantom stock units |
| 03/17/2025 | Date of signature for the report |
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