Form 4: PPG Industries Director Reports Stock Transactions
SEC Form 4 Filing
Director Guillermo Novo reports transactions involving restricted stock units and phantom stock units of PPG Industries.
Summary
- On April 16, 2025, Guillermo Novo, a director of PPG Industries, converted 1,368 restricted stock units into phantom stock units under the company's Deferred Compensation Plan for Directors.
- The conversion price was $0.
- On April 16, 2025, Novo also converted 1,368 phantom stock units to common stock at $98.42.
- On April 17, 2025, Novo acquired 424.2193 phantom stock units at $100.05.
- On April 17, 2025, Novo acquired 1,849 restricted stock units that vest on April 15, 2026.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the trading activities of company directors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 04/18/2024 | Date restricted stock units were granted to the reporting person. |
| 04/16/2025 | Conversion of restricted stock units to phantom stock units and phantom stock units to common stock. |
| 04/17/2025 | Acquisition of phantom stock units and restricted stock units. |
| 04/18/2025 | Date of Form 4 filing. |
| 04/15/2026 | Vesting date for restricted stock units acquired on April 17, 2025. |
Keywords
PPG Industries, Director, Stock Transactions, Restricted Stock Units, Phantom Stock Units, Form 4, Novo Guillermo
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