Bergstrom Karl Henrik 4
Research Summary
AI-generated summary
PPG Sr. VP Karl H. Bergstrom Receives Restricted Stock Award
What Happened
Karl Henrik Bergstrom, Senior Vice President, Global Architectural Coatings at PPG Industries (PPG), was granted two equity awards on February 24, 2026: 11,451 shares (derivative right) and 2,987 restricted stock units (RSUs). Both awards show $0 per share in the filing (they are compensation grants, not open-market purchases or sales), for a combined total of 14,438 underlying shares.
Key Details
- Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (no late filing indicated).
- Grants: 11,451 (derivative right) and 2,987 RSUs; price reported $0.00 (award/grant code A).
- Total shares represented: 14,438.
- Shares owned after transaction: not specified in the provided filing extract.
- Footnotes from the filing:
- F1: Right to buy granted under the PPG Industries, Inc. Amended & Restated Omnibus Incentive Plan.
- F2: Each RSU represents a contingent right to receive one share of PPG common stock.
- F3: The restricted stock units vest on February 24, 2029.
Context
This was an award/grant (compensation), not a purchase or sale — RSUs are a deferred compensation vehicle that convert to shares only if vesting conditions are met. The RSUs here vest in three years (Feb 24, 2029). Such grants are commonly part of executive pay and do not by themselves indicate the insider is buying or selling shares for market reasons.