Form 4: PPG Industries Director Guillermo Novo Reports Acquisition of Phantom Stock Units

Director Guillermo Novo reports acquiring phantom stock units convertible to common stock in PPG Industries' Deferred Compensation Plan for Directors.

Summary

• On October 1, 2024, Guillermo Novo, a director of PPG Industries, Inc., acquired 256.4197 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 of the derivative security is $130.74.
• Following the transaction, Novo beneficially owns 7,319.0853 phantom stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reflects routine transactions related to executive compensation.

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

This filing is a routine disclosure related to executive compensation and holdings, common in publicly traded companies. It provides transparency into the holdings of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and alignment of interests.

Key Dates