PPG (NYSE: PPG) VP receives 457 restricted stock units vesting in 2028
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Williams Brian Richard reported acquisition or exercise transactions in this Form 4 filing.
PPG Industries reported that Vice President and Controller Brian Richard Williams received a grant of 457 restricted stock units. Each unit represents a contingent right to receive one share of PPG common stock. The restricted stock units vest on May 8, 2028, aligning his compensation with long-term company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Williams Brian Richard
Role
Vice President and Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 457 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 457 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of PPG common stock. The restricted stock units vest on May 8, 2028.
Key Figures
Restricted stock units granted: 457 units
Underlying common shares: 457 shares
Units after transaction: 457 units
+1 more
4 metrics
Restricted stock units granted
457 units
Grant to Brian Richard Williams
Underlying common shares
457 shares
Each unit equals one PPG common share
Units after transaction
457 units
Total restricted stock units held following grant
Vesting date
May 8, 2028
Restricted stock units vesting date
Key Terms
Restricted Stock Units, contingent right, vest
3 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of PPG common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of PPG common stock."
vest financial
"The restricted stock units vest on May 8, 2028."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did PPG (PPG) report for Brian Richard Williams?
PPG reported that Vice President and Controller Brian Richard Williams received 457 restricted stock units as a compensation award. These units are derivatives tied to PPG common stock and reflect part of his long-term incentive package.
How many restricted stock units did the PPG (PPG) executive receive?
Brian Richard Williams received 457 restricted stock units. Each unit represents a contingent right to receive one share of PPG common stock, providing potential future ownership if vesting conditions are satisfied.
When do the newly granted PPG (PPG) restricted stock units vest?
The restricted stock units granted to Brian Richard Williams vest on May 8, 2028. Vesting means he will become entitled to receive the corresponding PPG common shares if he meets the award’s continued-service or other conditions.
What does each restricted stock unit represent for PPG (PPG) insiders?
Each restricted stock unit represents a contingent right to receive one share of PPG common stock. The insider does not own the shares until vesting, but the award links compensation directly to the company’s equity.
Is the PPG (PPG) Form 4 transaction an open-market stock purchase or sale?
The Form 4 shows a grant of restricted stock units, not an open-market trade. The transaction is coded as an award acquisition and carries no transaction price, reflecting compensation rather than buying or selling shares.