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

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

Summary

• On September 12, 2024, Michael Nally, a director of PPG Industries, Inc., acquired 40.3567 phantom stock units.
• These units are convertible to common stock on a one-for-one basis.
• The price per unit was $125.49.
• Following the transaction, Nally directly owns 6,158.331 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan for Directors.
• These phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash.

Sentiment

Score: 5

Explanation: This is a routine filing; sentiment is neutral as it simply reports a transaction.

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

Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company securities, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's holdings in the company.

Key Dates