Braun Kevin D. 4
Research Summary
AI-generated summary
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.