PPG (NYSE: PPG) executive receives 1,986-share performance award settlement
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PPG Industries Inc. senior vice president Karl Henrik Bergstrom reported an acquisition of company stock through an equity award. On the transaction date, he received 1,986 shares of common stock at no cash price in connection with the settlement of a 2023 restricted stock unit performance award. Following this grant, his directly owned common stock holdings increased to 14,707 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bergstrom Karl Henrik
Role
Sr.VP, Global Arch Coatings
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,986 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 14,707 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did PPG (PPG) report for Karl Henrik Bergstrom?
PPG reported that Karl Henrik Bergstrom acquired 1,986 shares of common stock through an equity award settlement, increasing his direct holdings to 14,707 shares. The transaction was categorized as a grant, award, or other acquisition rather than an open-market purchase.
Was the recent PPG (PPG) insider transaction a stock purchase or an award?
The transaction was an award, not an open-market purchase. Karl Henrik Bergstrom received 1,986 PPG common shares at no cash price as a grant categorized as a settlement of a 2023 restricted stock unit performance award, raising his direct ownership to 14,707 shares.
What does the Form 4 footnote reveal about the PPG (PPG) insider transaction?
The footnote explains that the 1,986-share acquisition represents the settlement of a 2023 restricted stock unit performance award. This clarifies that the shares were issued as part of incentive compensation, rather than through a market transaction or discretionary share purchase by the executive.
What role does Karl Henrik Bergstrom hold at PPG (PPG) in the insider filing?
In the filing, Karl Henrik Bergstrom is identified as a senior vice president, Global Architectural Coatings. His reported acquisition of 1,986 common shares through a restricted stock unit performance award settlement increased his directly held PPG common stock position to 14,707 shares.