Form 4: PPG Senior VP Acquires Additional Phantom Stock Units in Deferred Compensation Plan

Kevin D. Braun, Senior Vice President of Operations at PPG Industries Inc., acquired 1.9988 phantom stock units on June 13, 2025, increasing his total holdings in the company's deferred compensation plan to 607.8708 units.

Summary

• Kevin D. Braun, Senior Vice President of Operations at PPG Industries Inc. (PPG), acquired 1.9988 phantom stock units on June 13, 2025.
• These units were acquired at a price of $106.3 per unit.
• Following this transaction, Mr. Braun beneficially owns a total of 607.8708 phantom stock units.
• Phantom stock units convert to common stock on a one-for-one basis and are part of the PPG Industries, Inc. Deferred Compensation Plan.
• The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund.

Sentiment

Score: 6

Explanation: Slightly positive as it indicates an executive's continued accumulation of equity-linked compensation, aligning their interests with shareholders, though it's a routine transaction within a deferred compensation plan.

Positives

• The acquisition of additional phantom stock units by a Senior VP indicates continued alignment of executive interests with shareholder value.
• Participation in a deferred compensation plan suggests a long-term commitment to the company by the executive.

Negatives

• No explicit negatives were identified in this routine insider transaction filing.

Risks

• The value of phantom stock units is subject to the fair market value of PPG's common stock, meaning their value can fluctuate.
• The conversion of these units into common stock only occurs after termination of employment, tying the executive's compensation to long-term company performance.

Future Outlook

The phantom stock units held by Kevin D. Braun will convert to common stock on a one-for-one basis after his termination of employment with PPG.

Industry Context

This Form 4 filing is a standard disclosure of an executive's equity holdings and transactions, common across publicly traded companies. It reflects routine executive compensation practices, specifically participation in a deferred compensation plan tied to company stock performance.

Related Party Transactions

• The acquisition of phantom stock units by a Senior VP as part of a deferred compensation plan is a standard related-party transaction related to executive compensation.

Stakeholder Impact

• Shareholders: Indicates executive alignment with company performance through equity-linked compensation.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• Conversion of phantom stock units to common stock upon termination of employment with PPG.

Key Dates

Keywords

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