Form 4: PPG Industries Director Acquires Phantom Stock Units
SEC Form 4 Filing
Melanie Healey, a director at PPG Industries, acquired phantom stock units convertible to common stock, according to a recent SEC Form 4 filing.
Summary
- On March 12, 2025, Melanie Healey, a director of PPG Industries, acquired 28.1319 phantom stock units.
- These units convert to common stock on a one-for-one basis after termination of service as a director.
- The price of the derivative security was $110.98.
- Following the transaction, Healey directly owns 2,598.7664 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan for Directors.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 03/12/2025 | Date of transaction: Melanie Healey acquired phantom stock units. |
| 03/13/2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.