PPG (NYSE: PPG) director adds 1,684 RSUs as 432 units vest
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PPG Industries director Todd M. Schneider reported routine equity compensation activity. On April 16, 2026, he received a grant of 1,684 restricted stock units, each representing a contingent right to one share of PPG common stock, scheduled to vest on April 14, 2027.
On April 15, 2026, 432 previously granted restricted stock units vested and were exercised into 432 shares of common stock. Of these, 2 shares were withheld at a price of $107.72 per share to cover tax obligations. Following these transactions, he directly holds 530 shares of common stock and 1,684 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
432 shares exercised/converted
Mixed
4 txns
Insider
Schneider Todd M.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,684 | $0.00 | -- |
| Exercise | Restricted Stock Units | 432 | $0.00 | -- |
| Exercise | Common Stock | 432 | $0.00 | -- |
| Tax Withholding | Common Stock | 2 | $107.72 | $215.44 |
Holdings After Transaction:
Restricted Stock Units — 1,684 shares (Direct);
Common Stock — 532 shares (Direct)
Footnotes (1)
- Upon the vesting of restricted stock units on April 15, 2026, which were granted to the reporting person on January 14, 2026, the reporting person is reporting the acquisition of 432 shares of common stock. Each restricted stock unit represents a contingent right to receive one share of PPG common stock. The restricted stock units vest on April 14, 2027.
Key Figures
RSUs granted: 1,684 restricted stock units
RSUs vested and exercised: 432 restricted stock units
Shares withheld for taxes: 2 shares at $107.72 per share
+2 more
5 metrics
RSUs granted
1,684 restricted stock units
Grant reported on April 16, 2026; each unit equals one share of common stock
RSUs vested and exercised
432 restricted stock units
Vested and converted into 432 shares of common stock on April 15, 2026
Shares withheld for taxes
2 shares at $107.72 per share
Tax-withholding disposition on April 15, 2026 related to RSU vesting
Common shares held after transactions
530 shares
Direct ownership following April 15, 2026 transactions
Unvested RSUs outstanding
1,684 restricted stock units
Scheduled to vest on April 14, 2027
Key Terms
Restricted Stock Units, contingent right, tax-withholding disposition, derivative security, +1 more
5 terms
Restricted Stock Units financial
"Upon the vesting of restricted stock units on April 15, 2026, which were granted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vest financial
"The restricted stock units vest on April 14, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What equity awards did PPG (PPG) director Todd M. Schneider receive?
Todd M. Schneider received a grant of 1,684 restricted stock units. Each unit represents a contingent right to one share of PPG common stock, scheduled to vest on April 14, 2027, providing future equity-based compensation if vesting conditions are satisfied.
What transactions did Todd M. Schneider report in this PPG (PPG) Form 4?
He reported vesting and exercise of 432 restricted stock units into 432 shares of PPG common stock and a new grant of 1,684 restricted stock units. The filing reflects routine equity compensation rather than open-market buying or selling activity.
When do Todd M. Schneider’s new PPG (PPG) restricted stock units vest?
The newly granted 1,684 restricted stock units are scheduled to vest on April 14, 2027. Upon vesting, each unit is designed to convert into one share of PPG common stock, delivering equity compensation if Schneider remains eligible under award terms.