Form 4: PPG Industries Director Lamach Reports Stock Transactions
SEC Form 4 Filing
Director Michael W. Lamach reports transactions involving restricted stock units and phantom stock units of PPG Industries.
Summary
- Michael W. Lamach, a director of PPG Industries, reported transactions involving the company's stock.
- On April 17, 2024, Lamach converted 1,174 restricted stock units into phantom stock units under the PPG Industries, Inc. Deferred Compensation Plan for Directors.
- The price of the phantom stock units was $134.96.
- Also on April 17, 2024, 1,174 restricted stock units vested.
- On April 18, 2024, Lamach acquired 1,368 restricted stock units that vest on April 16, 2025.
- Following these transactions, Lamach directly owns 1,368 restricted stock units and 11,986.2825 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, and does not inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the actions of company leadership regarding their holdings in the company.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly altering the ownership structure of the company.
Key Dates
| Date | Description |
|---|---|
| 04/20/2023 | Date restricted stock units were granted to the reporting person. |
| 04/17/2024 | Conversion of restricted stock units to phantom stock units and vesting of restricted stock units. |
| 04/18/2024 | Acquisition of restricted stock units. |
| 04/16/2025 | Vesting date of restricted stock units acquired on April 18, 2024. |
| 04/19/2024 | Date of signature on the Form 4 filing. |
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