PPG Industries (PPG) grants stock options and RSUs to senior VP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bellezza Alisha reported acquisition or exercise transactions in this Form 4 filing.
PPG Industries reported that Sr. VP, Automotive Coatings Alisha Bellezza received equity awards, including 10,688 employee stock options and 2,788 restricted stock units. Each restricted stock unit represents one share of common stock, and the RSUs vest on February 24, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bellezza Alisha
Role
Sr. VP, Automotive Coatings
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Options | 10,688 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,788 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Options — 10,688 shares (Direct);
Restricted Stock Units — 2,788 shares (Direct)
Footnotes (1)
- Right to buy granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of PPG common stock. The restricted stock units vest on February 24, 2029.
FAQ
What insider transaction did PPG (PPG) report for Alisha Bellezza?
PPG reported that Sr. VP, Automotive Coatings Alisha Bellezza received equity awards consisting of 10,688 employee stock options and 2,788 restricted stock units. These awards were granted as part of the company’s omnibus incentive compensation plan.
What types of equity awards did the PPG (PPG) executive receive?
The executive received employee stock options and restricted stock units. The filing shows 10,688 stock options and 2,788 restricted stock units, both recorded as direct holdings following the grant under PPG’s amended and restated omnibus incentive plan.
When do the restricted stock units granted by PPG (PPG) vest?
The filing states that the restricted stock units vest on February 24, 2029. Vesting means the executive’s contingent right to receive PPG common shares becomes non-forfeitable on that date, assuming any applicable service or plan conditions are satisfied.
How many PPG (PPG) restricted stock units were granted to the executive?
The executive was granted 2,788 restricted stock units. According to the disclosure, each restricted stock unit represents a contingent right to receive one share of PPG common stock, subject to vesting on February 24, 2029 under the company’s incentive plan.
What does each restricted stock unit represent in the PPG (PPG) grant?
Each restricted stock unit represents a contingent right to receive one share of PPG common stock. This means the executive will receive one common share per unit once vesting conditions are met on the scheduled vesting date.
Under which plan were the PPG (PPG) stock options granted?
The stock options were granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan. This plan is used to provide equity-based compensation awards, such as options and restricted stock units, to eligible employees and executives of the company.