Form 4: PPG Industries Director Heminger Acquires Phantom Stock Units

Director Gary R. Heminger acquired phantom stock units convertible to common stock in PPG Industries' Deferred Compensation Plan for Directors.

Summary

• Gary R. Heminger, a director of PPG Industries, acquired phantom stock units on September 12, 2024.
• The transaction involved the acquisition of 63.1746 phantom stock units, which are convertible to common stock on a one-for-one basis.
• The price per unit was $125.49.
• Following the transaction, Heminger beneficially owns 9,077.1686 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan for Directors.
• These units represent interests in an unfunded unitized company stock fund comprised of stock and cash.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard regulatory filing detailing an insider transaction related to 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 Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It reflects participation in a deferred compensation plan, a common practice among publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock units within a deferred compensation plan.

Key Dates