Form 4: PPG Industries Executive Kevin D. Braun Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
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, Senior VP of Operations at PPG Industries, filed a Form 4 on April 1, 2025, reporting changes in beneficial ownership.
- The report indicates the acquisition of 5.6167 phantom stock units on March 31, 2025, at a price of $109.35 per unit.
- These phantom stock units convert to common stock on a one-for-one basis after termination of employment with PPG.
- Following the transaction, Braun beneficially owns 579.9816 phantom stock units through the PPG Industries, Inc. Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral 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
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about changes in executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of transaction: Acquisition of phantom stock units. |
| 04/01/2025 | Date of filing: Form 4 filing date. |
Keywords
Form 4, PPG Industries, Kevin D. Braun, Phantom Stock Units, Beneficial Ownership, Deferred Compensation Plan, Executive Compensation
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