Form 4: PPG Industries Director Acquires Phantom Stock Units

Director Chris Roberts III acquired 11.4387 phantom stock units in PPG Industries, Inc. on December 12, 2024.

Summary

• Chris Roberts III, a director at PPG Industries, Inc., acquired 11.4387 phantom stock units on December 12, 2024.
• These phantom stock units convert to common stock on a one-for-one basis after termination of service as a director.
• The units are part of the PPG Industries, Inc. Deferred Compensation Plan for Directors.
• The total number of phantom stock units held by the reporting person is 683.5156.
• The price of the phantom stock units was $124.02.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive for the company's outlook.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Director compensation packages often include stock or stock-based awards to align their interests with shareholders.
• Phantom stock units are a common form of deferred compensation, particularly for directors.
• The specific terms of these awards, such as vesting and conversion, are typical for such arrangements.

Stakeholder Impact

• The transaction has a minor positive impact on the director's alignment with shareholder interests.
• The transaction has no immediate impact on other stakeholders.

Key Dates

Keywords

PPG Industries, phantom stock units, director, insider trading, deferred compensation, equity