ESOPApr 21, 2026, 04:37 PM
PPG Industries Grants Performance-Based Stock Units
AI Summary
PPG Industries Inc. has granted performance-based MSU Share Awards to a participant under a Global MSU Share Award Agreement. The vesting of these awards is contingent upon the participant's continuous employment through May 8, 2029, the achievement of an Adjusted Earnings Per Diluted Share goal for fiscal year 2028, and the company's stock price meeting a threshold of at least 75% of the grant date stock price. The number of shares that vest will be based on a Stock Price Ratio, with a maximum payout of 200% of the target shares.
Key Highlights
- PPG Industries granted performance-based MSU Share Awards to a participant.
- Award Period is from May 8, 2026, to May 8, 2029.
- Vesting requires continuous employment, achievement of an Adjusted EPS Goal for FY2028, and a Stock Price Threshold Goal (75% of Grant Date Stock Price).
- Vested shares are determined by a Stock Price Ratio, capped at 200% of Target Shares.
- No Dividend Equivalents are granted with this award.
Price Impact
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