PPG Sr VP Kevin Braun Receives Phantom Stock Award

What Happened

• Kevin D. Braun, Senior Vice President, Operations at PPG Industries, received an award of 18.574 derivative/phantom stock units on September 15, 2026. The units were valued at $104.89 each, for a total reported value of $1,948.
• This was an award/acquisition (derivative interest) rather than an open-market purchase or sale of common stock.

Key Details

• Transaction date: 2026-09-15; Filing date: 2026-09-16 (filed next day).
• Instrument and terms: 18.574 phantom stock units @ $104.89 each; total value ~$1,948. Reported as a derivative award (code A).
• Shares owned after transaction: Not specified in the information provided.
• Relevant footnotes from the filing:
  • F1: The security converts to common stock on a one-for-one basis.
  • F2: Some settlement/convertibility may occur after termination of employment.
  • F3: These are phantom stock units under PPG’s Deferred Compensation Plan; they represent interests in an unfunded stock/cash fund and their credited share amount may vary with the company’s stock value and cash in the fund.
• No indication in the provided data of a 10b5-1 plan, tax withholding sale, or that shares were immediately sold.

Context

• Phantom stock units are a form of deferred compensation that track the value of company stock but are not identical to issued common shares until settlement/conversion; they do not necessarily reflect a buy or sell signal by the insider.
• The award amount is modest (~$1.9k) and appears to be compensation-related rather than an investment purchase.