Form 4: PPG Industries CFO Vincent J. Morales Reports Acquisition of Phantom Stock Units

Vincent J. Morales, Senior VP & CFO of PPG Industries, reports the acquisition of phantom stock units convertible to common stock.

Summary

• On February 14, 2025, Vincent J. Morales, Senior VP & CFO of PPG Industries, acquired phantom stock units.
• These units are convertible to common stock on a one-for-one basis after termination of employment.
• The transaction involved 12.8999 phantom stock units at a price of $117.75.
• Following the reported transaction, Morales beneficially owns 18,128.8 phantom stock units.
• These units are held directly and represent interests in an unfunded unitized company stock fund.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any particular positive or negative sentiment about the company's performance or prospects.

Future Outlook

The phantom stock units will convert to common stock on a one-for-one basis after termination of employment with PPG.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock and related derivatives.

Stakeholder Impact

• Shareholders may be interested in this filing as it provides insight into the actions of company executives.

Key Dates

Keywords

Form 4, PPG Industries, Vincent J. Morales, Phantom Stock Units, Beneficial Ownership, Insider Trading