PPG (NYSE: PPG) GC reports stock award and tax-share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PPG Industries senior vice president and general counsel Joseph R. Gette reported equity compensation activity involving the company’s common stock. On February 18, 2026, he acquired 1,098 shares through settlement of a 2023 restricted stock unit performance award at no cash price. On the same date, 308 shares were disposed of at $128.25 per share to satisfy tax withholding obligations, leaving him with 8,374 directly held shares after these transactions. He also has 6.86 shares held indirectly through the PPG Industries Employee Savings Plan as of February 18, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Gette Joseph R.
Role
Sr. VP, GC and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,098 | $0.00 | -- |
| Tax Withholding | Common Stock | 308 | $128.25 | $40K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,682 shares (Direct);
Common Stock — 6.86 shares (Indirect, Employer 401(k) Plan)
Footnotes (1)
- Settlement of 2023 restricted stock unit performance award. Total amount of shares held for the reporting person in the reporting person's account in the PPG Industries Employee Savings Plan as of February 18, 2026.
FAQ
What insider transactions did PPG (PPG) report for Joseph R. Gette?
PPG reported that Joseph R. Gette received 1,098 common shares from settlement of a 2023 restricted stock unit performance award, and 308 shares were disposed of to cover tax withholding at $128.25 per share, both dated February 18, 2026.
Was the PPG (PPG) insider transaction a stock purchase or compensation award?
The primary PPG transaction was a compensation award, not an open-market purchase. Joseph R. Gette acquired 1,098 common shares through settlement of a 2023 restricted stock unit performance award, with a separate 308-share disposition for tax withholding.
What does the Form 4 footnote reveal about PPG (PPG) restricted stock units?
The footnote explains that the 1,098-share acquisition reflects settlement of a 2023 restricted stock unit performance award. This clarifies that the shares were granted as part of long-term incentive compensation rather than being bought on the open market.