PPG CEO receives stock options and RSU awards
KNAVISH TIMOTHY M reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
KNAVISH TIMOTHY M reported acquisition or exercise transactions in this Form 4 filing.
PPG Industries Chairman and CEO Timothy M. Knavish reported equity awards that increase his potential future ownership in the company. He received 106,871 employee stock options at a stated price of $0.00 per option, granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan.
He was also granted 27,879 restricted stock units (RSUs), with each RSU representing a contingent right to receive one share of PPG common stock. These RSUs are scheduled to vest on February 24, 2029, aligning his long-term incentives with the company’s performance over the coming years.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Options | 106,871 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 27,879 | $0.00 | $0.00 |
Footnotes (3)
- F1. Right to buy granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan.
- F2. Each restricted stock unit represents a contingent right to receive one share of PPG common stock.
- F3. The restricted stock units vest on February 24, 2029.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many employee stock options were granted to the PPG CEO?
What does each PPG restricted stock unit granted to the CEO represent?
AI-generated analysis. How Rhea-AI works. Not financial advice.