Form 4: PPG Industries Director Heminger Reports Stock Transactions
SEC Form 4 Filing
Director Gary R. Heminger reports transactions involving restricted stock units and phantom stock units of PPG Industries.
Summary
- On April 17, 2024, Director Gary R. Heminger converted 1,174 restricted stock units into phantom stock units under the PPG Industries, Inc. Deferred Compensation Plan for Directors.
- These restricted stock units were initially granted on April 20, 2023.
- The conversion resulted in Heminger receiving phantom stock units in lieu of common stock.
- On April 18, 2024, Heminger acquired 1,368 restricted stock units that vest on April 16, 2025.
- The price of the phantom stock units was $134.96.
- Following these transactions, Heminger beneficially owns 8,953.4508 phantom stock units and 1,368 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 04/20/2023 | Date restricted stock units were granted to the reporting person. |
| 04/17/2024 | Date of conversion of restricted stock units to phantom stock units. |
| 04/18/2024 | Date of acquisition of restricted stock units. |
| 04/16/2025 | Vesting date of the restricted stock units acquired on April 18, 2024. |
| 04/19/2024 | Date of report. |
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