Form 4: PPG Industries Director Acquires Phantom Stock Units

Director Michael W. Lamach acquired 78.6794 phantom stock units of PPG Industries, Inc. on December 12, 2024.

Summary

• Michael W. Lamach, a director of PPG Industries, Inc., acquired 78.6794 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 price of the phantom stock units was $124.02 per unit.
• Following the transaction, Mr. Lamach holds a total of 12,226.4758 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan for Directors.
• The phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is neither positive nor negative for the company's overall performance. It is a neutral event.

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 in the form of phantom stock units is a common practice among publicly traded companies.
• The vesting and conversion terms are typical for such arrangements, often tied to continued service or retirement.
• The specific number of units and their value are specific to PPG Industries and its compensation policies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is related to director compensation and does not represent a significant change in the company's capital structure.

Key Dates

Keywords

phantom stock units, PPG Industries, director, stock acquisition, deferred compensation, Form 4