PPG Industries SVP adds 4.5 phantom stock units
PPG Industries senior vice president of operations Kevin D. Braun received a grant of 4.5133 phantom stock units tied to PPG common stock.
Sentiment and the balance of points
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Rhea-AI Filing Summary
PPG Industries senior vice president of operations Kevin D. Braun received a grant of 4.5133 phantom stock units tied to PPG common stock. The units reference a price of $119.34 per share and increase his total phantom stock holdings in the company’s deferred compensation plan to 884.4648 units.
The phantom stock units convert into common stock on a one-for-one basis after termination of employment, and their attributed amount can fluctuate over time with PPG’s share price and cash in the plan’s unitized stock fund. This is a routine compensation-related award, not an open-market stock purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 4.5133 | $119.34 | $538.62 |
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.
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