Braun Kevin D. 4
Research Summary
AI-generated summary
PPG Sr. VP Kevin D. Braun Receives RSU Award
What Happened
- Kevin D. Braun, Senior Vice President, Operations at PPG Industries (PPG), received two awards of restricted stock units (RSUs) on February 24, 2026: 11,451 RSUs and 2,987 RSUs, for a total of 14,438 RSUs. The filing reports $0 acquisition price because these are derivative awards (transaction code A) rather than open‑market purchases or cash transactions.
- Each RSU represents a contingent right to receive one share of PPG common stock (footnote F2). The RSUs vest on February 24, 2029 (footnote F3) and were granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan (footnote F1).
Key Details
- Transaction date: February 24, 2026; Form 4 filed February 26, 2026 (timely filing appears within typical reporting window).
- Grant details: 11,451 RSUs and 2,987 RSUs (total 14,438 RSUs); acquisition price reported as $0.00 (derivative award).
- Vesting: All RSUs vest on February 24, 2029.
- Plan: Granted under the company’s Amended and Restated Omnibus Incentive Plan (F1).
- Shares owned after transaction: Not specified in the information provided on this summary filing.
Context
- RSU grants are compensation awards, not open‑market purchases or sales; they create a future right to receive shares upon vesting and do not necessarily indicate immediate buying or selling intent.
- For retail investors, awards signal alignment of the executive’s pay with shareholder value over the vesting period, but do not by themselves predict short‑term stock moves.