The company said on April 18, 2024 that its board of directors authorized a share repurchase of up to $2.5 billion of outstanding common stock.

8-KOther EventsFiled Apr 18, 2024Period of report Apr 18, 2024Summary published (UTC) Oct 27, 2026

Key points

AI summary

The company said on April 18, 2024 that its board of directors authorized a share repurchase of up to $2.5 billion of outstanding common stock.
The company said the authorization is effective immediately, does not expire, and gives management discretion over the conditions under which shares may be purchased.
The company said the program is in addition to the existing repurchase authorization approved in December 2017, which had approximately $860 million remaining as of March 31, 2024.
PPG said repurchases will be made in the open market or in privately negotiated transactions, in accordance with applicable securities laws. It said repurchases may commence or cease without prior notice depending on economic and equity market conditions, the magnitude of other cash uses, including the pace and timing of acquisitions, and other factors.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

PPG $2.5 billion Share Repurchase Authorization

The company said on April 18, 2024 that its board of directors authorized a share repurchase of up to $2.5 billion of outstanding common stock.

Source · Based on the filing body and exhibits

Effectiveness and Discretion Terms

The company said the authorization is effective immediately, does not expire, and gives management discretion over the conditions under which shares may be purchased.

Source · Based on the filing body and exhibits

Remaining Capacity Under Existing Authorization

The company said the program is in addition to the existing repurchase authorization approved in December 2017, which had approximately $860 million remaining as of March 31, 2024.

Source · Based on the filing body and exhibits

Repurchase Methods and Conditions to Start or Stop

PPG said repurchases will be made in the open market or in privately negotiated transactions, in accordance with applicable securities laws. It said repurchases may commence or cease without prior notice depending on economic and equity market conditions, the magnitude of other cash uses, including the pace and timing of acquisitions, and other factors.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.