PPG director reports RSU vesting and new grant
PPG Industries director Cathy R. Smith reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
PPG Industries director Cathy R. Smith reported routine equity compensation activity. On April 15, 2026, 1,849 restricted stock units vested, resulting in the acquisition of 1,849 shares of common stock. Of these, 6 shares were withheld at $107.72 per share to cover tax obligations, leaving her with 9,495 common shares held directly.
On April 16, 2026, she received a new grant of 1,684 restricted stock units, each representing a contingent right to one share of PPG common stock. These RSUs are scheduled to vest on April 14, 2027.
Insider Trade Summary
1,849 shares exercised/converted
Exercise
4 txns
Insider
Smith Cathy R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,684 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,849 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,849 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 6 | $107.72 | $646.32 |
Holdings After Transaction:
Restricted Stock Units — 1,684 contracts (Direct);
Common Stock — 9,495 shares (Direct)
Footnotes (3)
- F1. Upon the vesting of restricted stock units on April 15, 2026, which were granted to the reporting person on April 17, 2025, the reporting person is reporting the acquisition of 1,849 shares of common stock.
- F2. Each restricted stock unit represents a contingent right to receive one share of PPG common stock.
- F3. The restricted stock units vest on April 14, 2027.
Key Figures
RSUs vested: 1,849 shares
Tax-withheld shares: 6 shares at $107.72
New RSU grant: 1,684 units
+2 more
5 metrics
RSUs vested
1,849 shares
Restricted stock units converting to PPG common stock on April 15, 2026
Tax-withheld shares
6 shares at $107.72
Shares withheld to cover tax obligations on April 15, 2026
New RSU grant
1,684 units
Restricted stock units granted on April 16, 2026
Post-transaction holdings
9,495 shares
PPG common stock held directly after reported transactions
Exercised derivative shares
1,849 shares
Shares acquired via exercise/conversion of restricted stock units
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security
3 terms
Restricted Stock Units financial
"Restricted Stock Units vesting into 1,849 shares of PPG common stock"
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.
tax-withholding disposition financial
"6 shares were withheld at $107.72 per share as a tax-withholding disposition"
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 related to restricted stock units"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did PPG (PPG) director Cathy R. Smith report?
Cathy R. Smith reported vesting of 1,849 restricted stock units into common shares, a tax-withholding disposition of 6 shares at $107.72, and a new grant of 1,684 restricted stock units scheduled to vest on April 14, 2027.
What happened when Cathy R. Smith’s PPG restricted stock units vested?
When 1,849 restricted stock units vested on April 15, 2026, they converted into 1,849 shares of PPG common stock. This routine equity compensation event increased her direct share holdings, subject to a small tax-withholding share disposition also reported in the filing.
What is the new restricted stock unit grant reported by PPG (PPG)?
The filing shows a new grant of 1,684 restricted stock units to Cathy R. Smith on April 16, 2026. Each unit equals one future PPG share, with the award scheduled to vest on April 14, 2027, if applicable vesting conditions are met.
How were taxes handled on Cathy R. Smith’s PPG equity vesting?
To cover tax obligations related to the vesting, 6 PPG common shares were withheld at $107.72 per share. This tax-withholding disposition is coded as an “F” transaction and is a standard, non-market mechanism rather than an open-market sale of shares.
Does the PPG (PPG) Form 4 show any open-market buys or sells by Cathy R. Smith?
The Form 4 shows no open-market purchases or sales. It reports a derivative exercise converting restricted stock units into common shares, a small tax-withholding share disposition, and a new restricted stock unit grant as part of routine equity compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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