Form 4: PPG Industries CFO Acquires Additional Phantom Stock Units

Vincent J. Morales, Senior VP & CFO of PPG Industries Inc., acquired 14.6305 phantom stock units as part of the company's deferred compensation plan.

Summary

• Vincent J. Morales, Senior VP & CFO of PPG Industries Inc. (PPG), acquired 14.6305 phantom stock units on July 15, 2025.
• These units were acquired at a price of $114.29 per unit.
• Phantom stock units convert to common stock on a one-for-one basis.
• The units become exercisable after the termination of employment with PPG.
• Following this transaction, Mr. Morales beneficially owns a total of 26,953.1343 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.
• The number of shares attributed to plan participants can change based on the fair market value of PPG common stock and the cash in the fund.

Sentiment

Score: 6

Explanation: Slightly positive as it indicates an insider's continued participation in a long-term incentive plan, aligning interests with shareholders, though the transaction size is small.

Positives

• Acquisition of phantom stock units by a Senior VP & CFO aligns management's interests with shareholders.
• The transaction is part of a deferred compensation plan, indicating a long-term incentive for key management.

Risks

• The value of phantom stock units is subject to the fair market value fluctuations of PPG Industries, Inc. common stock.

Future Outlook

Phantom stock units held by the Senior VP & CFO are exercisable after termination of employment, indicating a long-term incentive structure designed to align executive interests with the company's long-term performance.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, common across publicly traded companies, reflecting executive compensation and deferred incentive plans. It does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: The acquisition of phantom stock units by a senior executive can be viewed positively as it aligns management's financial interests with the long-term performance of the company's stock.

Key Dates

Keywords

PPG Industries, PPG, Vincent J. Morales, Form 4, SEC filing, insider trading, phantom stock units, deferred compensation, CFO, executive compensation