Form 4: PPG Industries Director Heminger Reports Stock Unit Conversion and Acquisition

Director Gary R. Heminger reports conversion of restricted stock units to phantom stock and acquisition of additional restricted stock units in PPG Industries.

Summary

• Gary R. Heminger, a director of PPG Industries, reported transactions involving restricted stock units and phantom stock units.
• On April 16, 2025, Heminger converted 1,368 restricted stock units into phantom stock units under the PPG Industries, Inc. Deferred Compensation Plan for Directors.
• This conversion resulted in the receipt of phantom stock units in lieu of common stock shares.
• Also on April 16, 2025, the price of the phantom stock units was $98.42.
• As of April 16, 2025, Heminger held 10,584.4426 phantom stock units.
• On April 17, 2025, Heminger acquired 1,849 restricted stock units, which vest on April 15, 2026.
• Each restricted stock unit represents a contingent right to receive one share of PPG Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting date of the restricted stock units.

Industry Context

This filing is a routine disclosure of stock transactions by a company director, which is common practice and provides transparency to investors.

Stakeholder Impact

• The transactions reported may be of interest to shareholders as they provide insight into the director's holdings and investment decisions.

Key Dates

Keywords

PPG Industries, Director, Heminger, Restricted Stock Units, Phantom Stock Units, Form 4, Beneficial Ownership, Deferred Compensation Plan