Research Summary
AI-generated summary of this SEC filing
PPG CFO Jamie Beggs Receives RSU Award
What Happened Jamie A. Beggs, Senior Vice President and Chief Financial Officer of PPG Industries (PPG), received a grant of 28,044 restricted stock units (RSUs) on August 14, 2026. The Form 4 records the transaction as an award/grant (code A) at $0.00 per unit — these are derivative awards that represent a contingent right to receive one share of PPG common stock in the future. The filing lists no immediate cash value; the eventual value will depend on PPG’s share price when the RSUs vest/settle.
Key Details
- Transaction date: August 14, 2026 (grant of 28,044 RSUs)
- Filing date: August 18, 2026 (appears to be later than the typical 2-business-day Form 4 deadline)
- Reported price: $0.00 per RSU (standard for grants)
- Vesting: RSUs vest on August 14, 2029 (footnote)
- Footnote: Each RSU represents a contingent right to one share of PPG common stock (i.e., a future share grant)
- Shares owned after transaction: Not specified in the provided filing excerpt
- Transaction code: A (award/grant); this is a derivative compensation grant, not an open-market purchase or sale
Context Restricted stock units are a common form of long-term executive compensation and typically vest over time; they do not represent an immediate purchase or sale of shares and therefore are not a direct short-term market signal. The apparent late filing is a disclosure/timeliness matter — it does not change the economic terms of the grant but is relevant for transparency and regulatory compliance.