PPG INDUSTRIES INC·4/A

Feb 24, 11:20 AM ET

Ericson Amy R. 4/A

Research Summary

AI-generated summary

Updated

PPG Sr. VP Amy R. Ericson Exercises Options; 875 Shares Withheld

What Happened
Amy R. Ericson, Senior Vice President, P&M Coatings at PPG Industries, had 875 shares withheld on February 18, 2026 to satisfy tax liability tied to an option exercise. The shares were valued at $128.25 each for a total of $112,219 (reported as disposed under code F).

Key Details

  • Transaction date and price: 875 shares withheld on 2026-02-18 at $128.25 per share (total ~$112,219).
  • Transaction code: F — shares withheld for tax liability.
  • Shares owned after transaction: Not specified in the amended filing.
  • Filing timeline: Original Form 4 was filed Feb 20, 2026 (timely); this is an amended Form 4 filed Feb 24, 2026 to correct the number of shares withheld.
  • Footnote: Amendment (F1) states the correction was due to an administrative error in the Feb 20 filing.

Context
Code F indicates withholding of shares to cover taxes after an option exercise (a form of net settlement or cashless handling of tax obligations), not an open-market sale or a new purchase. These withholdings are typically routine administrative actions and do not, by themselves, indicate the insider’s market outlook.