Braun Kevin D. 4
4 · PPG INDUSTRIES INC · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
PPG Sr. VP Kevin D. Braun Receives Phantom Stock Award
What Happened Kevin D. Braun, Senior Vice President, Operations at PPG Industries, received an award of 7.399 phantom stock units on 2026-03-31. The filing values the award at $106.88 per unit for a total of $791. This was an award (derivative/phantom stock) under PPG’s deferred compensation arrangement, not an open-market purchase.
Key Details
- Transaction date and type: 2026-03-31 — Grant/Award (derivative) of 7.399 units at $106.88 (total $791).
- Shares owned after transaction: Not specified in the filing.
- Footnotes of note:
- F1: The security converts to common stock on a one-for-one basis.
- F2: Conversion/payout is tied to termination of employment.
- F3: These are phantom stock units in PPG’s Deferred Compensation Plan; unit counts and credited shares may fluctuate with the plan fund’s fair market value and cash components.
- Filing timeliness: Report filed 2026-04-01 for a 2026-03-31 transaction (filed the next day; not indicated as late).
Context Phantom stock units are a form of deferred compensation that track the value of company stock and typically pay out in stock or cash per plan rules; they are not an immediate market purchase and do not by themselves signal a trading opinion. Per the filing footnotes, these units convert one-for-one to common stock under plan terms and are linked to distribution rules (including post-employment payout).
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3]2026-03-31$106.88/sh+7.399$791→ 861.913 total→ Common Stock (7.399 underlying)
Footnotes (3)
- [F1]The security converts to common stock on a one-for-one basis.
- [F2]After termination of employment with PPG.
- [F3]Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan. Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund.