Form 4: PPG Industries Director Lamach Reports Acquisition of Phantom Stock Units

Director Michael W. Lamach reports acquiring phantom stock units convertible to common stock in PPG Industries' Deferred Compensation Plan for Directors.

Summary

• Michael W. Lamach, a director of PPG Industries, Inc., filed a Form 4 on June 14, 2024, reporting a transaction.
• On June 12, 2024, Lamach acquired 79.4603 phantom stock units, which convert to common stock on a one-for-one basis.
• These units were acquired under the PPG Industries, Inc. Deferred Compensation Plan for Directors.
• Following the transaction, Lamach beneficially owns 12,065.7428 phantom stock units.
• The price of the phantom stock units was $130.41.
• The phantom stock units 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 neutral sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's holdings in the company.
• The acquisition of phantom stock units aligns the director's interests with those of the shareholders.

Key Dates