Form 4: PPG Industries Director Chris Roberts III Reports Acquisition of Phantom Stock Units

Director Chris Roberts III reports acquiring phantom stock units convertible to common stock in PPG Industries, Inc.

Summary

• On March 12, 2024, Chris Roberts III, a director of PPG Industries, Inc., acquired phantom stock units that convert to common stock on a one-for-one basis.
• The transaction involved the acquisition of 2.9807 phantom stock units at a price of $141.31 per unit.
• Following the reported transaction, Roberts beneficially owns a total of 5.8648 phantom stock units.
• These phantom stock units are held in the PPG Industries, Inc. Deferred Compensation Plan for Directors and represent interests in an unfunded unitized company stock fund comprised of stock and cash.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Future Outlook

The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund.

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 the director's holdings in the company.

Key Dates