KNAVISH TIMOTHY M 4
4 · PPG INDUSTRIES INC · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
PPG (PPG) Chairman & CEO Timothy Knavish Receives Award
What Happened
Timothy M. Knavish, Chairman and CEO of PPG Industries, received an award of 0.839 phantom stock units on January 30, 2026. The units were valued at $115.63 each for a total grant value of approximately $97. This was a derivative award (not an immediate grant of common shares) reported on Form 4 and filed on February 2, 2026.
Key Details
- Transaction date: 2026-01-30; Form 4 filed: 2026-02-02 (timely filing).
- Award: 0.839 units at $115.63 per unit; aggregate value ≈ $97. Reported as a derivative acquisition (Code A).
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1 — units convert to common stock on a 1-for-1 basis. F2 — conversion/settlement occurs after termination of employment. F3 — these are phantom stock units in PPG’s Deferred Compensation Plan and reflect interests in an unfunded stock/cash fund; unit counts and value can change with the fund’s fair market value.
- No sale or exercise occurred — this is a compensation award, not an open‑market purchase or disposal.
Context
Phantom stock units are a deferred-compensation vehicle that track the company’s share value but do not represent voting common stock now; they are typically settled in stock or cash later (here, after employment per F2). The dollar amount is very small (~$97), so this appears to be a routine compensation grant rather than a materially informative insider purchase or sale.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3]2026-01-30$115.63/sh+0.839$97→ 12,308.871 total→ Common Stock (0.839 underlying)
Footnotes (3)
- [F1]The security converts to common stock on a one-for-one basis.
- [F2]After termination of employment with PPG.
- [F3]Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan. Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund.