Form 4: PPG Industries Executive Kevin D. Braun Reports Stock Transactions
SEC Form 4 Filing
Kevin D. Braun, a Senior VP at PPG Industries, reported the acquisition and disposal of company stock, including the settlement of restricted stock units and transactions within the employee savings plan.
Summary
- On February 19, 2025, Kevin D. Braun, a Senior VP at PPG Industries, reported transactions involving PPG common stock.
- These transactions included the acquisition of 1,056 shares through the settlement of a 2022 restricted stock unit performance award at $0 cost.
- Braun also disposed of 346 shares to cover tax obligations at a price of $116.79 per share.
- Following these transactions, Braun directly owns 6,488 shares of PPG common stock.
- Additionally, Braun indirectly owns 4,559.88 shares through the Employer 401(k) Plan as of February 19, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key executives and their confidence in the company's stock.
Stakeholder Impact
- The transactions may provide insights to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/19/2025 | Date of stock acquisition and disposal transactions, including settlement of restricted stock units. |
| 02/19/2025 | Date of total amount of shares held for the reporting person in the reporting person's account in the PPG Industries Employee Savings Plan. |
| 02/21/2025 | Date of signature by Attorney-in-Fact for Kevin D. Braun. |
Keywords
PPG Industries, Kevin D. Braun, Form 4, Stock Transactions, Restricted Stock Units, Employee Savings Plan, Beneficial Ownership
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