Form 4: PPG Industries Director Ligocki Reports Stock Transactions

Director Kathleen Ligocki reports transactions involving restricted stock units and phantom stock units of PPG Industries.

Summary

• Kathleen Ligocki, a director of PPG Industries, reported transactions on April 17 and 18, 2024.
• On April 17, 2024, 1,174 restricted stock units vested, and Ligocki deferred receipt of common stock, instead receiving phantom stock units under the Deferred Compensation Plan for Directors.
• Also on April 17, 2024, 1,174 phantom stock units were acquired at a price of $134.96.
• As of April 17, 2024, Ligocki holds 5,208.2168 phantom stock units.
• On April 18, 2024, Ligocki acquired 1,368 restricted stock units that vest on April 16, 2025.
• Following these transactions, Ligocki directly owns 1,368 restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions by a company director, with no inherent positive or negative implications for the company's performance.

Future Outlook

The reporting person will receive 1,368 shares of PPG common stock upon the vesting of restricted stock units on April 16, 2025.

Industry Context

This filing is a routine disclosure of stock transactions by a company director, as required by the SEC, and provides transparency to investors regarding insider activity.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders like Kathleen Ligocki at PPG Industries, similar to filings made by executives at companies like Sherwin-Williams and Axalta Coating Systems.
• The use of deferred compensation plans, including phantom stock units, is a common executive compensation strategy seen across various publicly traded companies to align director interests with long-term shareholder value.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding the director's holdings and alignment with company performance.

Key Dates