Form 4: PPG Industries Executive Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Kevin D. Braun, a Senior VP 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 5.1003 phantom stock units on June 28, 2024, which convert to common stock on a one-for-one basis after termination of employment.
- The price of the phantom stock units is $125.89.
- Following the transaction, Braun beneficially owns 528.8799 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 document does not contain any specific forward-looking statements or guidance.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- The acquisition of phantom stock units by a company executive can align the executive's interests with those of the shareholders, as the value of the units is tied to the company's stock performance.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of transaction: Acquisition of phantom stock units |
| 07/01/2024 | Date of signature for the report |
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