Williams Brian Richard 4/A
Research Summary
AI-generated summary
PPG VP Brian Williams Sells 255 Shares for Tax Withholding
What Happened Brian Richard Williams, Vice President and Controller of PPG Industries (PPG), had 255 shares disposed/withheld to satisfy a tax liability related to an equity event. The transaction is reported as 255 shares at $128.25 per share, totaling approximately $32,704. This was a tax-withholding/net settlement action (not an open-market investment sale).
Key Details
- Transaction date: 2026-02-18; reported in an amended Form 4 filed 2026-02-24 (original Form 4 filed 2026-02-20).
- Price and value: 255 shares × $128.25 = $32,703.75 (reported as $32,704).
- Shares owned after transaction: Not stated in the provided filing excerpt.
- Footnote: Amendment corrects the number of shares withheld for tax liability due to an administrative error on the Feb 20, 2026 Form 4.
- Filing timeliness: An original Form 4 was filed Feb 20 (close to the event); this Feb 24 filing is an amendment to correct reporting — not an indication of late initial reporting.
Context The transaction code (F) indicates payment of an exercise price or tax liability by withholding shares. This is a routine administrative action often used to satisfy taxes after option exercises or share vesting; it does not necessarily reflect a deliberate market-sale decision by the insider.