PPG (PPG) HR chief receives new stock options and 2,390 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Massy Robert L. reported acquisition or exercise transactions in this Form 4 filing.
PPG Industries senior vice president and chief HR officer Robert L. Massy received new equity awards in the form of employee stock options and restricted stock units. He was granted 9,161 employee stock options under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan.
He was also granted 2,390 restricted stock units, each representing a contingent right to receive one share of PPG common stock. These restricted stock units are scheduled to vest on February 24, 2029, aligning his compensation with the long-term performance of PPG’s stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Massy Robert L.
Role
Sr. VP and Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Options | 9,161 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,390 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Options — 9,161 shares (Direct);
Restricted Stock Units — 2,390 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 equity awards were reported for PPG (PPG) in this filing?
The filing shows Robert L. Massy received 9,161 employee stock options and 2,390 restricted stock units. Both awards are part of his executive compensation and link his incentives to the future performance of PPG common stock over several years.
Who is the insider receiving stock options and RSUs at PPG (PPG)?
The insider is Robert L. Massy, PPG’s senior vice president and chief human resources officer. He received both employee stock options and restricted stock units as part of his compensation, aligning his financial interests with long-term shareholder value creation at PPG.
How many restricted stock units did Robert L. Massy receive from PPG (PPG)?
Robert L. Massy received 2,390 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of PPG common stock, providing long-term equity-based compensation that depends on his continued service and future vesting conditions.
When do Robert L. Massy’s PPG restricted stock units vest?
The restricted stock units granted to Robert L. Massy vest on February 24, 2029. This multi-year vesting schedule is designed to encourage long-term alignment with PPG’s performance and retention of the senior executive over that period.
Under what plan were the PPG (PPG) stock options granted to Robert L. Massy?
The employee stock options were granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan. This plan provides equity-based awards to executives, linking part of their compensation to PPG’s share performance over time.