PPG - Timothy M Knavish Makes Strategic Play: Invests $97K In PPG Indus Stock Options | Benzinga
A noteworthy insider acquisition was disclosed on February 22, as Knavish, Chairman and CEO at PPG Indus (NYSE:PPG), reported the acquisition of stock options for 66,551 shares.
What Happened: Knavish, Chairman and CEO at PPG Indus, engaged in a derivative transaction according to a Form 4 filing on Thursday with the U.S. Securities and Exchange Commission. This involved the acquisition of stock options for 66,551 shares of PPG, providing the right to purchase the company's stock at an exercise price of $142.65 per share.
PPG Indus shares are currently trading up by 0.52%, with a current price of $144.12 as of Friday morning. This brings the total value of Knavish's 66,551 shares to $97,829.
About PPG Indus
PPG is a global producer of coatings. The company is the world's largest producer of coatings after the purchase of selected Akzo Nobel assets. PPG's products are sold to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets. The company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years. PPG is focused on its coatings and specialty products and expansion into emerging regions, as exemplified ...