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

• On March 12, 2024, Michael W. Lamach, a director of PPG Industries, Inc., reported acquiring phantom stock units.
• The transaction involved 57.8103 phantom stock units, which convert to common stock on a one-for-one basis.
• The price per phantom stock unit was $141.31.
• Following the transaction, Lamach beneficially owns 10,812.2825 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.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and doesn't inherently convey positive or negative sentiment. It simply reports a transaction.

Positives

• The acquisition of phantom stock units by a director may signal confidence in the company's future performance.

Future Outlook

The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's participation in the company's deferred compensation plan.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock units within a deferred compensation plan.

Key Dates