Form 4: PPG Industries Director Michael Nally Reports Stock Transactions
SEC Form 4
Director Michael Nally reports transactions involving restricted stock units and phantom stock units of PPG Industries.
Summary
- On April 16, 2025, Michael Nally, a director of PPG Industries, converted 1,368 restricted stock units into phantom stock units under the company's Deferred Compensation Plan for Directors.
- These restricted stock units, initially granted on April 18, 2024, vested on April 16, 2025.
- Nally also acquired 1,849 restricted stock units on April 17, 2025, which will vest on April 15, 2026.
- The price of the phantom stock units was $98.42.
- Following these transactions, Nally directly owns 1,849 restricted stock units and 8,182.0122 phantom stock units.
- The report was signed by Greg E. Gordon, Attorney-in-Fact for Michael Nally, on April 18, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral sentiment.
Future Outlook
The report details the vesting of restricted stock units in the future on April 15, 2026.
Industry Context
This filing is a routine disclosure of stock transactions by a company director, which is standard practice in publicly traded companies to ensure transparency and compliance with SEC regulations.
Comparison to Industry Standards
- Director stock transactions are a common occurrence in publicly traded companies like PPG Industries.
- Similar filings can be observed for directors and officers in comparable companies such as Sherwin-Williams (SHW) and Axalta Coating Systems (AXTA).
- The reporting requirements and formats are standardized by the SEC, ensuring consistency across different companies and industries.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the director's holdings.
- The transactions are part of the director's compensation and deferred compensation plan.
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 |
| 04/18/2025 | Date of report signature |
| 04/15/2026 | Vesting date of restricted stock units acquired on April 17, 2025 |
Keywords
PPG Industries, Michael Nally, Director, Form 4, Restricted Stock Units, Phantom Stock Units, Deferred Compensation Plan, Stock Transaction, Beneficial Ownership
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