Gette Joseph R. 4/A
Research Summary
AI-generated summary
PPG (PPG) Joseph R. Gette Withholds 378 Shares for Taxes
What Happened Joseph R. Gette, Senior Vice President, General Counsel and Secretary of PPG Industries, had 378 shares withheld to satisfy tax liability related to an equity event. The shares were valued at $128.25 each, totaling $48,479. This filing is an amendment correcting the number of shares withheld that was misreported on the Form 4 filed Feb 20, 2026. The transaction code F indicates tax withholding (not an open-market sale).
Key Details
- Transaction date: 2026-02-18; withholding price: $128.25 per share; 378 shares withheld; total value $48,479.
- Filing: Amended Form 4 filed 2026-02-24 to correct the previously reported withheld share count (original Form 4 was filed Feb 20, 2026).
- Shares owned after transaction: not specified in this amendment.
- Transaction code F = tax withholding to cover exercise-related tax liability (routine, not a market sale).
- Timeliness: amendment filed to correct an administrative error; original report appears to have been filed within standard reporting window.
Context Withholding shares to cover taxes is a common administrative step following an option exercise or vesting and does not represent a discretionary sale or purchase decision by the insider. Such tax-withholding dispositions are routine and generally not interpreted as a directional insider trading signal.