Form 4: PPG Industries Director Heminger Reports Phantom Stock Unit Acquisition
SEC Form 4 Filing
Director Gary R. Heminger reports acquisition of phantom stock units convertible to common stock in PPG Industries' Deferred Compensation Plan for Directors.
Summary
- Gary R. Heminger, a director of PPG Industries, Inc., reported a transaction involving phantom stock units.
- On June 12, 2024, Heminger acquired 60.5432 phantom stock units at a price of $130.41.
- These units are held in 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.
- Following the reported transaction, Heminger beneficially owns 9,013.994 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to director compensation and holdings, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it relates to director compensation and holdings within a deferred compensation plan.
Key Dates
| Date | Description |
|---|---|
| 06/12/2024 | Date of transaction: Acquisition of phantom stock units |
| 06/14/2024 | Date of report signature |
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