PPG (NYSE: PPG) VP receives 1,527 options and 399 RSUs award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PPG Industries vice president and controller Brian Richard Williams reported equity awards consisting of employee stock options and restricted stock units. He acquired 1,527 employee stock options granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan.
He also received 399 restricted stock units, each representing a contingent right to receive one share of PPG common stock. These restricted stock units vest on February 24, 2029, aligning his compensation more closely with the company’s long-term performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Williams Brian Richard
Role
Vice President and Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Options | 1,527 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 399 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Options — 1,527 shares (Direct);
Restricted Stock Units — 399 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 transaction did PPG (PPG) executive Brian Richard Williams report?
Brian Richard Williams reported receiving equity awards from PPG, including 1,527 employee stock options and 399 restricted stock units. These derivative securities were granted as part of his compensation as vice president and controller and are intended to align interests with shareholders over time.
How many employee stock options did the PPG (PPG) vice president receive?
Brian Richard Williams received 1,527 employee stock options from PPG. The right to buy these shares was granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan, reflecting a structured, incentive-based component of his overall compensation package as an officer.
What are the terms of the restricted stock units reported by PPG (PPG)?
Brian Richard Williams was granted 399 restricted stock units by PPG. Each unit represents a contingent right to receive one share of PPG common stock, providing potential future share ownership subject to vesting and other plan conditions defined by the company’s incentive program.
When do the PPG (PPG) restricted stock units granted to Brian Richard Williams vest?
The restricted stock units granted to Brian Richard Williams vest on February 24, 2029. This long-dated vesting schedule encourages retention and focuses his incentives on PPG’s long-term performance, tying compensation to the company’s future stock outcomes rather than immediate results.
What type of securities were involved in the PPG (PPG) Form 4 filing?
The Form 4 filing for PPG reported derivative securities: employee stock options and restricted stock units. The options provide a right to buy PPG shares, while each restricted stock unit represents a contingent right to receive one PPG common share upon vesting.