Braun Kevin D. 4
4 · PPG INDUSTRIES INC · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
PPG (PPG) Sr. VP Kevin D. Braun Receives Award
What Happened
Kevin D. Braun, Senior Vice President, Operations at PPG Industries, received an award of 1.196 phantom stock units on 2026-06-15. The units were valued at $121.53 per share (total reported value $145). The transaction is reported as an award/acquisition (code A) and is recorded as a derivative interest rather than an open-market purchase.
Key Details
- Transaction date and price: 2026-06-15; 1.196 units @ $121.53 each (total $145).
- Transaction type: Award/Grant (derivative units) — not a purchase or sale.
- Shares owned after transaction: Not specified in this filing.
- Footnotes of note:
- F1: Units convert to common stock on a one-for-one basis.
- F2: Payment/conversion is tied to termination of employment (per footnote).
- F3: Units are phantom stock units in PPG’s Deferred Compensation Plan (unfunded unitized stock/cash fund); unit counts/value can change with the stock’s fair market value and fund cash.
- Filing timeliness: Report covers 2026-06-15 and was filed 2026-06-16 — filed promptly, no late-filing indication.
Context
This was a compensation award of phantom stock units in PPG’s deferred compensation plan. Phantom units represent a pay-equivalent interest (stock and cash mix) and are different from an outright purchase of company shares; they may convert to common stock one-for-one and are often paid out under plan rules (here tied to termination). Such awards are routine compensation and should not be interpreted as a direct market purchase or sale by the insider.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3]2026-06-15$121.53/sh+1.196$145→ 885.66 total→ Common Stock (1.196 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.