KNAVISH TIMOTHY M 4
4 · PPG INDUSTRIES INC · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
PPG CEO Timothy Knavish Receives 0.739 Phantom Shares Award
What Happened
Timothy M. Knavish, Chairman and CEO (also a Director) of PPG Industries, received an award of 0.739 phantom stock units on February 13, 2026. The units were recorded at $131.34 each for a total value of approximately $97. This was an award/acquisition (derivative) as part of PPG’s deferred compensation arrangements, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-13; Filing date: 2026-02-18 (filed within the required two business days, accounting for the Feb 16 holiday).
- Award: 0.739 phantom stock units @ $131.34 each = ~$97 (derivative/award).
- Shares owned after transaction: Not disclosed in this filing.
- Footnotes:
- F1 — the awarded security converts to common stock on a one-for-one basis.
- F2 — conversion/ payout may occur after termination of employment.
- F3 — these are phantom stock units in PPG’s Deferred Compensation Plan (an unfunded unitized stock/cash fund whose value can change without action by the participant).
Context
This was a small deferred-compensation award (phantom units), a routine form of executive compensation. Phantom units track the value of company stock and may convert to actual shares or cash under plan rules (often at or after departure), so this award does not necessarily indicate a buy/sell signal.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3]2026-02-13$131.34/sh+0.739$97→ 12,289.241 total→ Common Stock (0.739 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.