Equity awards for PPG (PPG) senior VP and general counsel detailed in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gette Joseph R. reported acquisition or exercise transactions in this Form 4 filing.
PPG Industries reported that senior vice president, general counsel and secretary Joseph R. Gette received equity awards in the form of stock-based compensation. He was granted 11,451 employee stock options under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan, giving him the right to buy PPG common shares in the future. He also received 2,987 restricted stock units, with each unit representing a contingent right to one share of PPG common stock. These restricted stock units are scheduled to vest on February 24, 2029, meaning the shares will be delivered to him only if the vesting conditions are satisfied.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Gette Joseph R.
Role
Sr. VP, GC and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Options | 11,451 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,987 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Options — 11,451 shares (Direct);
Restricted Stock Units — 2,987 shares (Direct)
Footnotes (1)
- Right to buy granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of PPG common stock. The restricted stock units vest on February 24, 2029.
FAQ
What insider transactions did PPG (PPG) report for Joseph R. Gette?
PPG reported that Joseph R. Gette received equity awards, including stock options and restricted stock units. These awards are part of his compensation and increase his potential future ownership stake in PPG, aligning his interests with long-term company performance and shareholder value creation.
How many stock options were granted to Joseph R. Gette by PPG (PPG)?
Joseph R. Gette was granted 11,451 employee stock options. These options give him the right to buy PPG common stock in the future, under terms set by the Amended and Restated Omnibus Incentive Plan, typically contingent on continued employment and any performance conditions.
How many restricted stock units did PPG (PPG) grant to Joseph R. Gette?
PPG granted Joseph R. Gette 2,987 restricted stock units. Each unit represents a contingent right to receive one share of PPG common stock, subject to vesting conditions and continued service, making this award a form of long-term, share-based compensation for the executive.
When do Joseph R. Gette’s PPG (PPG) restricted stock units vest?
The restricted stock units granted to Joseph R. Gette vest on February 24, 2029. Vesting means the units convert into PPG common shares at that time, assuming all conditions are met, which supports long-term retention and aligns his incentives with multi-year company performance.
What does each restricted stock unit represent in the PPG (PPG) Form 4?
Each restricted stock unit represents a contingent right to receive one share of PPG common stock. This means that, upon vesting, each unit converts into a single share, providing a direct link between executive compensation and the company’s equity value over time.
Under what plan were Joseph R. Gette’s PPG (PPG) stock options granted?
The stock options were granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan. This plan governs equity-based awards for eligible participants, setting terms for grants like options and restricted stock units tied to long-term company and shareholder interests.