Form 4: PPG Industries Director Melanie Healey Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Melanie Healey reports transactions involving restricted stock units and phantom stock units of PPG Industries, Inc.
Summary
- On April 16, 2025, Melanie Healey converted 1,368 restricted stock units into phantom stock units under the PPG Industries, Inc. Deferred Compensation Plan for Directors.
- These restricted stock units, initially granted on April 18, 2024, vested on April 16, 2025.
- Additionally, on April 17, 2025, Healey acquired 1,849 restricted stock units that will vest on April 15, 2026.
- The price of the phantom stock units was $98.42.
- Following these transactions, Healey holds 3,966.7664 phantom stock units and 1,849 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the director's holdings of different types of equity.
Key Dates
| Date | Description |
|---|---|
| 04/18/2024 | Date restricted stock units were granted to the reporting person |
| 04/16/2025 | Date of conversion of restricted stock units to phantom stock units |
| 04/17/2025 | Date of acquisition of restricted stock units |
| 04/15/2026 | Vesting date of restricted stock units acquired on April 17, 2025 |
| 04/18/2025 | Date of Form 4 filing |
Keywords
PPG Industries, Melanie Healey, restricted stock units, phantom stock units, beneficial ownership, Form 4, director compensation, deferred compensation plan
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