KNAVISH TIMOTHY M 4
4 · PPG INDUSTRIES INC · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
PPG CEO Timothy Knavish Receives 0.945-Share Award
What Happened
Timothy M. Knavish, Chairman and CEO of PPG Industries (PPG), was granted 0.945 shares as an award/derivative on 2026-03-31 at an attribution value of $106.88 per share, totaling approximately $101. The filing reports this as an award (transaction code A) of a derivative instrument rather than an immediate issuance of common stock.
Key Details
- Transaction date and filing: 2026-03-31 (reported on Form 4 filed 2026-04-01) — appears to be filed timely.
- Awarded: 0.945 shares at $106.88 per share; total value ≈ $101.
- Security type: Derivative/phantom stock unit (not immediately tradable common shares).
- Footnotes: F1 = converts to common stock on a one-for-one basis; F2 = conversion tied to termination of employment; F3 = represents phantom stock units in PPG’s Deferred Compensation Plan that track a unitized stock/cash fund and may change with fund value.
- Shares owned after transaction: Not specified in the filing.
Context
This was an awarded phantom stock unit in a deferred compensation plan, not an open-market purchase or sale. Phantom units track company stock value and may convert to actual shares or cash under plan rules (here, conversion is one-for-one and tied to termination per footnotes). Such awards are typically routine compensation and do not by themselves indicate a change in the insider’s market view.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3]2026-03-31$106.88/sh+0.945$101→ 12,410.641 total→ Common Stock (0.945 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.