PPG (PPG) senior VP receives new stock options and RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bergstrom Karl Henrik reported acquisition or exercise transactions in this Form 4 filing.
PPG Industries senior vice president Karl Henrik Bergstrom reported receiving equity awards in the form of employee stock options and restricted stock units. He was granted 11,451 employee stock options under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan.
He also received 2,987 restricted stock units, each representing a contingent right to one share of PPG common stock. These restricted stock units vest on February 24, 2029, aligning his long-term compensation with future company performance and share value.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bergstrom Karl Henrik
Role
Sr.VP, Global Arch Coatings
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Options | 11,451 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,987 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Options — 11,451 shares (Direct);
Restricted Stock Units — 2,987 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 transactions did PPG (PPG) report for Karl Henrik Bergstrom?
Karl Henrik Bergstrom, a PPG senior vice president, reported receiving 11,451 employee stock options and 2,987 restricted stock units. Both awards are part of his compensation package and are held directly, aligning his interests with PPG Industries’ long-term share performance.
What type of equity awards did PPG (PPG) grant to Karl Henrik Bergstrom?
PPG granted Karl Henrik Bergstrom employee stock options and restricted stock units. The award includes 11,451 options and 2,987 restricted stock units, providing potential future ownership in PPG common stock as part of the company’s Amended and Restated Omnibus Incentive Plan.
When do Karl Henrik Bergstrom’s PPG (PPG) restricted stock units vest?
Karl Henrik Bergstrom’s restricted stock units vest on February 24, 2029. This long-term vesting schedule encourages retention and links his compensation to PPG’s share performance over several years, as each unit can convert into one share of PPG common stock at vesting.
What does each PPG (PPG) restricted stock unit granted to Karl Henrik Bergstrom represent?
Each restricted stock unit granted to Karl Henrik Bergstrom represents a contingent right to receive one share of PPG common stock. This means that, once vesting conditions are met, each unit can convert into one share, increasing his direct equity stake in PPG Industries.
Under which plan were Karl Henrik Bergstrom’s PPG (PPG) stock options granted?
Karl Henrik Bergstrom’s stock options were granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan. This plan governs equity-based compensation for eligible participants, using stock options and restricted stock units to align management incentives with shareholder interests.
How many PPG (PPG) employee stock options does Karl Henrik Bergstrom hold after this grant?
Following this grant, Karl Henrik Bergstrom holds 11,451 employee stock options. These options were awarded at a reported price of zero in the filing, reflecting a compensatory grant rather than an open-market purchase, and are held as direct beneficial ownership in PPG Industries.