Form 4: PPG Industries Director Roberts III Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Chris Roberts III reports transactions involving restricted stock units and phantom stock units of PPG Industries.
Summary
- On April 17, 2024, Director Chris Roberts III converted 645 restricted stock units into phantom stock units under the PPG Industries, Inc. Deferred Compensation Plan for Directors.
- These restricted stock units, initially granted on October 18, 2023, vested on April 17, 2024.
- The conversion resulted in Roberts receiving phantom stock units instead of common stock.
- The price of the phantom stock units was $134.96.
- As of April 17, 2024, Roberts holds a total of 650.8648 phantom stock units.
- On April 18, 2024, Roberts acquired 1,368 restricted stock units that vest on April 16, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the stock transactions of a company director.
Key Dates
| Date | Description |
|---|---|
| 10/18/2023 | Date restricted stock units were granted to the reporting person. |
| 04/17/2024 | Date of conversion of restricted stock units to phantom stock units. |
| 04/18/2024 | Date of acquisition of restricted stock units. |
| 04/16/2025 | Vesting date of restricted stock units acquired on April 18, 2024. |
| 04/19/2024 | Date of signature of the Form 4 filing. |
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