Braun Kevin D. 4
4 · PPG INDUSTRIES INC · Filed Jun 1, 2026
Research Summary
AI-generated summary of this filing
PPG (PPG) Sr. VP Kevin D. Braun Receives Award of 6.37 Shares
What Happened
- Kevin D. Braun, Senior Vice President, Operations at PPG Industries, received a grant/award of 6.373 phantom stock units on 2026-05-29. The units were valued at $112.98 each, for a total reported value of $720. This was an award (derivative acquisition), not an open-market purchase or sale.
Key Details
- Transaction date and price: 2026-05-29; 6.373 units at $112.98 each (total $720).
- Transaction type: Award/Grant (derivative acquisition, code A).
- Shares owned after transaction: Not specified in the filing.
- Footnotes of note:
- F1: These phantom units convert to common stock on a one-for-one basis.
- F2: Conversion (or payment) occurs after termination of employment with PPG.
- F3: Units are phantom stock units held in PPG’s Deferred Compensation Plan (an unfunded unitized stock/cash fund); unit counts may change with stock fair market value and cash in the fund.
- Filing timeliness: Report filed 2026-06-01 for a 2026-05-29 transaction (filed within the normal Form 4 window).
Context
- This is a derivative award in a deferred compensation plan (phantom stock), not an immediate purchase of common shares. The award will not convert into actual shares until triggered per plan rules (notably after employment ends). Such awards are typically compensation-related and do not by themselves signal immediate buying or selling intent.
Insider Transaction Report
Form 4
Braun Kevin D.
Sr VP, Operations
Transactions
- Award
Phantom Stock Units
[F1][F2][F3]2026-05-29$112.98/sh+6.373$720→ 879.952 total→ Common Stock (6.373 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.
Signature
/s/ Greg E. Gordon, Attorney-in-Fact for Kevin D. Braun|2026-06-01