Form 4: PPG Industries Director Heminger Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Director Gary R. Heminger reports acquiring phantom stock units convertible to common stock in PPG Industries' Deferred Compensation Plan for Directors.
Summary
- On March 12, 2025, Gary R. Heminger, a director of PPG Industries, Inc., acquired 78.5868 phantom stock units.
- These units are convertible to common stock on a one-for-one basis.
- The price of the derivative security was $110.98.
- Following the transaction, Heminger directly owns 9,216.4426 phantom stock units.
- These 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 standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of a director's holdings in a company's deferred compensation plan, which is a common practice in corporate governance.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects insider activity, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/12/2025 | Date of transaction: Acquisition of phantom stock units |
| 03/13/2025 | Date of signature for the report |
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