$1.3M of PPG sold by Richard Elias (Sr. Vp, Optical & Specmatls) on 02/21/2012
PITTSBURGH, PA — Richard Elias sold 14,000 shares of Ppg Industries Inc stock, or $1,276,530 worth, as noted in an SEC Filing today. As reported in the filing, the transactions occurred on February 21, 2012.
After the transaction, Richard Elias's stake was reported as 13,406 shares of Ppg Industries Inc stock (a 51% decrease from before the transaction took place). In addition, Richard Elias performed several other transactions, including using transaction codes 'M' (exercise, usually of options). Richard Elias's title was listed as "Sr. VP, Optical & SpecMatls" at Ppg Industries Inc within the filing.
As noted on February 22, 2012, Richard Elias's sale was done directly over 1 transaction on February 21, 2012. The share price for the transaction was $91.18 according to the regulatory filing detailing the trade.
If we look over the past 12 months, Richard Elias has sold a total of 14,000 shares of Ppg Industries Inc, proceeds from the sale totaled $1,276,530. Over the same time period, Richard Elias has purchased no shares of Ppg Industries Inc stock. Richard Elias has also performed other transactions including grants or awards , payment of tax liabilites , and exercise of options .
Let's take a quick, high-level look at insider trading at Ppg Industries Inc over the past 12 months. A total of 303,311 shares of Ppg Industries Inc stock was sold by insiders, totaling $27,341,329. Over the same time 12 month time period, no shares of Ppg Industries Inc were purchased by company insiders.
To view the complete SEC Filing: Ppg Industries Inc 4 (Insider Trading) SEC Filing
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View the complete filing
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Chris Auer chris@marketbrief.com
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