PPG Sr VP Kevin Braun Receives Phantom Stock Award

What Happened

• Kevin D. Braun, Senior Vice President, Operations at PPG Industries, was granted 23.422 phantom stock units on 2026-08-31. The filing lists a per-unit value of $112.17, for a total reported value of $2,627. This was an award/acquisition of a derivative (phantom stock) rather than an open-market purchase.

Key Details

• Transaction date: 2026-08-31; filing date: 2026-09-01 (appears timely).
• Award: 23.422 phantom stock units at $112.17 per unit; total reported value $2,627.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: (F1) units convert to common stock on a one-for-one basis; (F2) conversion/settlement occurs after termination of employment; (F3) units are phantom stock in PPG’s Deferred Compensation Plan and their credited amount can change with the plan fund’s stock/cash performance.
• Transaction type code: A (award/acquisition of a derivative instrument).

Context

• This was a deferred-compensation award (phantom stock units), not a cash purchase — common for executive compensation and typically intended for retention or retirement benefit. The units track a stock/cash fund and are convertible to shares (per the footnotes), with settlement mechanics tied to the plan and employment termination. Such awards are routine and do not by themselves signal a near-term buy/sell decision.