PPG Industries (NYSE: PPG) SVP now holds 903 phantom units
Rhea-AI Filing Summary
PPG Industries executive Kevin D. Braun, Sr VP, Operations, reported an acquisition of 0.8364 Phantom Stock Units linked to PPG common stock at a reference value of $114.11 per unit. Following this grant, he holds a total of 903.2593 Phantom Stock Units in PPG’s Deferred Compensation Plan, which convert to common stock on a one-for-one basis after termination of employment and fluctuate with the fair market value of PPG stock and cash in the plan fund.
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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 | 0.8364 | $114.11 | $95.44 |
Holdings After Transaction:
Phantom Stock Units — 903.2593 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 acquired: 0.8364 units
Price per Phantom Stock Unit: $114.11
Total Phantom Stock Units held: 903.2593 units
+1 more
4 metrics
Phantom Stock Units acquired
0.8364 units
Grant or award acquisition on 2026-08-14
Price per Phantom Stock Unit
$114.11
Reference value per unit for the reported award
Total Phantom Stock Units held
903.2593 units
Total units in PPG Industries, Inc. Deferred Compensation Plan after transaction
Conversion ratio
1:1
Each Phantom Stock Unit converts into one share of PPG common stock after termination of employment
Key Terms
Phantom Stock Units, Deferred Compensation Plan, unfunded unitized company stock fund, fair market value
4 terms
Phantom Stock Units financial
"The security converts to common stock on a one-for-one basis."
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
"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
"represent interests in an unfunded unitized company stock fund comprised of stock and cash."
fair market value financial
"may change from time to time ... 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.
FAQ
What insider transaction did PPG (PPG) report for Kevin D. Braun?
PPG reported that Sr VP, Operations Kevin D. Braun acquired 0.8364 Phantom Stock Units as a grant or award. These units are tied to PPG common stock and are held within the company’s Deferred Compensation Plan.
How many Phantom Stock Units does Kevin D. Braun hold at PPG after this Form 4?
After the reported transaction, Kevin D. Braun holds 903.2593 Phantom Stock Units in the PPG Industries, Inc. Deferred Compensation Plan. This figure represents the total of all phantom stock units attributed to him under the plan.
At what reference price were the new Phantom Stock Units for PPG (PPG) valued?
The newly acquired Phantom Stock Units were reported at a reference value of $114.11 per unit. This value reflects the per-unit price used in the award entry and is tied to the value of PPG’s common stock within the plan’s unitized stock fund.
When do Kevin D. Braun’s Phantom Stock Units at PPG convert into common stock?
The filing states that the Phantom Stock Units convert into PPG common stock on a one-for-one basis after termination of employment with PPG. Conversion therefore occurs only upon the end of his employment, not on a fixed calendar date.
What does PPG’s Form 4 say about how Phantom Stock Unit balances can change over time?
The total Phantom Stock Units attributed to Braun may change over time without his volition. The number adjusts based on the fair market value of PPG common stock and the amount of cash in the unfunded unitized company stock fund.
AI-generated analysis. How Rhea-AI works. Not financial advice.
