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

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

Summary

• On September 12, 2024, Melanie Healey, a director of PPG Industries, Inc., reported the acquisition of 23.0338 phantom stock units.
• These units are part of the PPG Industries, Inc. Deferred Compensation Plan for Directors.
• The phantom stock units convert to common stock on a one-for-one basis after termination of service as a director.
• The price of the derivative security is $125.49.
• Following the transaction, Ms. Healey beneficially owns 2,548.2028 phantom stock units.

Sentiment

Score: 5

Explanation: Routine filing; neutral impact.

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 reflects the director's ongoing investment in the company, which can be viewed positively by shareholders.

Key Dates