Form 4: PPG Industries Director Acquires Phantom Stock Units
SEC Form 4 Filing
Director Melanie Healey acquired phantom stock units convertible to common stock in PPG Industries, Inc.
Summary
- Melanie Healey, a director of PPG Industries, Inc., reported a transaction involving phantom stock units.
- On June 12, 2024, Healey acquired 22.429 phantom stock units at a price of $130.41, which are convertible to common stock on a one-for-one basis.
- Following the transaction, Healey beneficially owns 2,525.169 phantom stock units through the PPG Industries, Inc. Deferred Compensation Plan for Directors.
- These phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing a transaction by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, such as directors and officers, when they trade in their company's stock. This filing indicates a change in Melanie Healey's holdings of PPG Industries stock.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects an insider's investment in the company.
Key Dates
| Date | Description |
|---|---|
| 06/12/2024 | Date of transaction: Acquisition of phantom stock units |
| 06/14/2024 | Date of signature for the Form 4 filing |
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