PPG Industries (NYSE: PPG) awards phantom stock units to Kevin Braun
Rhea-AI Filing Summary
PPG Industries Inc executive Kevin D. Braun, Senior VP of Operations, received a grant of 7.695 Phantom Stock Units on July 31, 2026 as a derivative award. Each unit converts into one share of common stock after termination of employment, increasing his deferred plan balance to 902.4229 units, which track PPG’s stock value and plan cash balances and may change without his action.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Braun Kevin D.
Role
Sr VP, Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units F1, F2, F3 | 7.695 | $110.52 | $850.45 |
Holdings After Transaction:
Phantom Stock Units — 902.4229 shares (Direct)
Footnotes (3)
- F1. The security converts to common stock on a one-for-one basis.
- F2. After termination of employment with PPG.
- F3. Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan. Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. 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.
Key Figures
Phantom Stock Units Granted: 7.6950 Phantom Stock Units
Reference Price per Unit: 110.5200 per unit
Total Phantom Stock Units After Grant: 902.4229 Phantom Stock Units
+1 more
4 metrics
Phantom Stock Units Granted
7.6950 Phantom Stock Units
Grant to Kevin D. Braun on July 31, 2026
Reference Price per Unit
110.5200 per unit
Price associated with the Phantom Stock Unit grant
Total Phantom Stock Units After Grant
902.4229 Phantom Stock Units
Total phantom units held by Kevin D. Braun in the Deferred Compensation Plan
Conversion Ratio
1-for-1
Each Phantom Stock Unit converts into one share of PPG common stock
Key Terms
Phantom Stock Units, Deferred Compensation Plan, unfunded unitized company stock fund, fair market value
4 terms
Phantom Stock Units financial
"Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Deferred Compensation Plan financial
"Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan."
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
unfunded unitized company stock fund financial
"Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash."
fair market value financial
"The number of shares ... may change ... depending on the fair market value of the issuer's common stock."
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did PPG (PPG) report for Kevin D. Braun?
PPG reported that Senior VP Kevin D. Braun received a grant of 7.695 Phantom Stock Units on July 31, 2026. This award increased his deferred compensation plan balance to 902.4229 Phantom Stock Units tied economically to PPG’s common stock.
What are Phantom Stock Units in PPG (PPG)'s deferred compensation plan?
PPG’s Phantom Stock Units are interests in an unfunded unitized company stock fund invested in PPG stock and cash. The number of units attributed to a participant can change over time with PPG’s share price and the amount of cash in the fund, without participant action.
When can Kevin Braun's PPG (PPG) Phantom Stock Units convert into common stock?
Each Phantom Stock Unit converts into one share of PPG common stock after termination of Kevin Braun’s employment with PPG. Until then, the units remain as plan interests whose value tracks the fair market value of PPG’s common stock and the plan’s cash component.
How many Phantom Stock Units does Kevin Braun hold in PPG (PPG) after this grant?
After the July 31, 2026 grant, Kevin Braun holds a total of 902.4229 Phantom Stock Units in PPG’s Deferred Compensation Plan. This figure represents all phantom stock units credited to him under the plan, not actual shares currently issued in his name.
Was Kevin Braun's PPG (PPG) Phantom Stock Unit award made under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is marked false, so this Phantom Stock Unit grant is not reported as executed under an affirmatively adopted Rule 10b5-1 trading plan. No footnote indicates any separate pre-arranged trading or disposition arrangement for these units.