Research Reports

Key takeaways

Human Capital Management and Compensation Committee approved $1.5M target value MSU awards to executives K. Henrik Bergstrom and Kevin Braun on April 15, 2026.

MSUs vest May 8, 2029 based on absolute stock price appreciation from target price, with 200% max payout and forfeiture if stock declines >25% or Adjusted EPS threshold unmet.

All 12 director nominees elected at 2026 Annual Meeting on April 16, 2026.

Shareholders approved named executive officer compensation, PwC auditor ratification, and 2026 Omnibus Incentive Plan.

Shareholder proposal for independent board chair not approved.

223,798,650 common shares outstanding as of record date.

Full analysis

The MSU awards to executives Bergstrom and Braun align long-term incentives with shareholder interests through stock price performance over three years, vesting in 2029 only if stock price threshold and Adjusted EPS goal are met, supporting retention for enterprise growth strategy. No awards to Chairman/CEO Knavish or retiring CFO Morales. Shareholder meeting results show strong support for board elections, pay practices, auditor, and new Omnibus Incentive Plan, with overwhelming rejection of independent chair proposal, affirming continuity in governance and compensation framework.

PPG · PPG Industries, Inc.

Summary

Key takeaways

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