PPG (PPG) Sr. VP Kevin Braun Receives Stock Award

What Happened

• Kevin D. Braun, Senior Vice President, Operations at PPG Industries, received a grant/award of 2.108 phantom stock units on May 15, 2026. The units are reported at $102.64 per share, for a nominal total value of $216. This was a derivative award (code A) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-15; Form 4 filed: 2026-05-18 (timely filing).
• Award: 2.108 phantom stock units at $102.64 per unit; reported value $216.
• Shares owned after transaction: not specified in the filing; the grant is part of Braun’s phantom stock holdings under PPG’s Deferred Compensation Plan (see F3).
• Footnotes of note:
  • F1: Units convert to common stock on a one-for-one basis.
  • F2: Some benefits may be payable after termination of employment.
  • F3: Phantom stock units reflect interests in an unfunded unitized company stock fund; the attributed share equivalent may change with the fund’s fair market value.
• Transaction type: Derivative award (not a cash purchase or sale).

Context

• These are phantom stock units in PPG’s Deferred Compensation Plan — a form of deferred, not immediately issued, equity exposure tied to company stock value. Such awards typically represent compensation or retention incentives and do not necessarily indicate immediate buying/selling sentiment.