PPG Sr VP Kevin D. Braun Receives Award of 0.836 Shares

What Happened

• Kevin D. Braun, Senior Vice President, Operations at PPG Industries (PPG), was granted 0.836 phantom stock units on August 14, 2026. The filing reports an acquisition-type award (code A) valued at $95, calculated using a reported per-share price of $114.11. This was an award (compensation/derivative grant), not an open-market purchase or sale.

Key Details

• Transaction date and value: 2026-08-14; 0.836 units @ $114.11 per share = $95 total.
• Transaction type: Award / grant of phantom stock units (derivative), code A.
• Shares owned after transaction: Not specified in the provided filing details.
• Filing date: 2026-08-17 (as reported); no late-filing flag provided in the supplied data.
• Relevant footnotes from the filing:
  • F1: The security converts to common stock on a one-for-one basis.
  • F2: References settlement/payment after termination of employment.
  • F3: These are phantom stock units in PPG’s Deferred Compensation Plan; unit counts and credited amounts can vary with the fund’s fair market value and cash holdings.

Context

• This award represents phantom stock units (an unfunded, unitized stock fund interest) rather than immediate shares received on the open market. Per the footnotes, units convert 1-for-1 to common shares and may be settled or paid out after employment ends; the units’ recorded amount can change with the plan’s valuation. The dollar value here is small ($95), typical of routine deferred-compensation credits rather than a material insider purchase.