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

Director Kathleen Ligocki reports acquiring phantom stock units convertible to common stock in PPG Industries' Deferred Compensation Plan for Directors.

Summary

• Kathleen Ligocki, a director of PPG Industries, Inc., filed a Form 4 on March 13, 2024, reporting a transaction.
• The transaction involved the acquisition of 24.9384 phantom stock units on March 12, 2024, at a price of $141.31 per unit.
• These phantom stock units are held in the PPG Industries, Inc. Deferred Compensation Plan for Directors and convert to common stock on a one-for-one basis after termination of service as a director.
• Following the reported transaction, Ligocki beneficially owns 4,034.2168 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it aligns director interests with the company's 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

Directors often receive stock-based compensation as part of their overall remuneration package, aligning their interests with those of shareholders. Phantom stock units are a common form of deferred compensation.

Stakeholder Impact

• The transaction aligns the director's interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates