Timothy M. Knavish is the President and CEO of PPG Industries, a leading manufacturer of paints and coatings. Taking the helm in January 2023, he has built an impressive career at PPG, starting in 1987 and working his way up...

Current Market Cap

$28.39B

Number of Employees

53K

Total Compensation

2023 - 2023

Trending up by 0.00% last year
Showing total compensation for the last 2023 - 2023

Stock

Up by 0.00% last year

Salary

Up by 0.00% last year

Bonus

Up by 0.00% last year

Other

Up by 0.00% last year

Year

2023

Total Compensation

$4.65M

Salary

$1.20M

Board Justification

PPG's compensation philosophy emphasizes pay-for-performance, aligning executive compensation with the achievement of both short-term and long-term performance objectives.

Bonus

$2.21M

Board Justification

The annual incentive awards were based on the achievement of performance objectives, resulting in a payout of 184% of target for 2023.

Other

$0.00

Board Justification

No additional compensation reported outside of salary, bonus, stock, and options.

Restricted Stock

$1.24M(1.18K TSR shares)

Board Justification

The number of shares acquired upon the vesting of TSR awards granted in 2021, which were paid 50% in shares of PPG common stock and 50% in cash.

Performance Metrics

Performance metrics for 2023 included adjusted earnings per diluted share, adjusted cash flow from operating activities, price increase, and sales volume growth.

SEC Filing

From March 7, 2024