Form 4: PPG Industries Director Melanie Healey Reports Acquisition of Phantom Stock Units
SEC Form 4
Director Melanie Healey reported the acquisition of phantom stock units convertible to common stock in PPG Industries' Deferred Compensation Plan for Directors.
Summary
- On March 12, 2024, Melanie Healey, a director of PPG Industries, Inc., reported the acquisition of 12.1375 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 attributed to the transaction was $141.31 per unit.
- Following the reported transaction, Ms. Healey beneficially owns 2,502.74 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This filing is a routine disclosure related to director compensation and holdings, common in publicly traded companies. It provides transparency regarding the alignment of director interests with shareholder value.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding director compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Date of transaction: Acquisition of phantom stock units. |
| 03/13/2024 | Date of signature for the report. |
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