Form 4: PPG Industries Director Chris Roberts III Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Director Chris Roberts III reports acquiring phantom stock units convertible to common stock in PPG Industries' Deferred Compensation Plan for Directors.
Summary
- On March 12, 2025, Chris Roberts III, a director of PPG Industries, Inc., reported acquiring 13.6332 phantom stock units.
- These units are part of the PPG Industries, Inc. Deferred Compensation Plan for Directors.
- The phantom stock units convert to common stock on a one-for-one basis after termination of service as a director.
- The price per unit was $110.98.
- Following the transaction, Roberts directly owns 697.1488 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This filing is a routine disclosure related to executive compensation and holdings, common in publicly traded companies. It provides transparency regarding the alignment of director interests with shareholder value through stock-based compensation.
Stakeholder Impact
- The acquisition of phantom stock units aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/12/2025 | Date of transaction: Chris Roberts III acquired phantom stock units. |
| 03/13/2025 | Date of signature on the report. |
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