Form 4: PPG Industries Executive Reports Acquisition of Phantom Stock Units

Kevin D. Braun, Sr VP of Operations at PPG Industries, reports acquiring phantom stock units convertible to common stock after termination of employment.

Summary

• Kevin D. Braun, a Senior Vice President at PPG Industries, filed a Form 4 disclosing changes in beneficial ownership.
• The report indicates the acquisition of phantom stock units that convert to common stock on a one-for-one basis after termination of employment.
• On April 30, 2025, Braun acquired phantom stock units equivalent to 12.0724 shares of common stock at a price of $108.86.
• Following the transaction, Braun beneficially owns 594.5237 phantom stock units directly.
• The phantom stock units are held in the PPG Industries, Inc. Deferred Compensation Plan and represent interests in an unfunded unitized company stock fund.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive compensation, with neutral 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 a routine part of executive compensation and provide transparency into the holdings of company insiders. Phantom stock units are a common form of deferred compensation.

Key Dates

Keywords

Form 4, PPG Industries, Kevin D. Braun, Phantom Stock Units, Beneficial Ownership, Deferred Compensation Plan, Executive Compensation