Braun Kevin D. 4
4 · PPG INDUSTRIES INC · Filed May 1, 2026
Research Summary
AI-generated summary of this filing
PPG Sr. VP Kevin Braun Receives Phantom Stock Award
What Happened
Kevin D. Braun, Senior Vice President, Operations at PPG Industries (PPG), was granted 7.896 phantom stock units on April 30, 2026. The filing reports a per-share valuation of $108.50, giving a stated value of $857. This was an award (derivative grant) under PPG’s deferred compensation plan rather than an open-market purchase or sale.
Key Details
- Transaction date and type: 2026-04-30 — Grant/Award (code A) of 7.896 derivative units at $108.50 per share (total $857).
- Filing date: 2026-05-01 (Form 4 filed timely).
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- F1 — The derivative security converts to common stock on a one-for-one basis.
- F2 — Certain treatment applies after termination of employment.
- F3 — These are phantom stock units held in the PPG Deferred Compensation Plan; they represent interests in an unfunded stock/cash fund and may change in amount based on fair market value and cash in the fund.
Context
This was an award of phantom (deferred-compensation) stock units, not an immediate cash purchase or stock sale. Phantom units typically track stock value and settle in stock/cash per plan terms and may vest or pay out at termination or according to plan rules. Such grants are common executive compensation and do not by themselves indicate the insider’s view on the company’s stock.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3]2026-04-30$108.50/sh+7.896$857→ 871.47 total→ Common Stock (7.896 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.