Form 4: PPG Industries Executive Acquires Phantom Stock Units
SEC Form 4 Filing
Amy R. Ericson, a Senior VP at PPG Industries, reports acquiring phantom stock units convertible to common stock after termination of employment.
Summary
- Amy R. Ericson, a Senior Vice President at PPG Industries, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the acquisition of 0.4014 phantom stock units on April 30, 2025, at a price of $108.86.
- These phantom stock units convert to common stock on a one-for-one basis after termination of employment with PPG.
- Following the transaction, Ericson holds a total of 3.1282 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing; sentiment is neutral.
Future Outlook
The phantom stock units will convert to common stock after termination of employment with PPG.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track potential alignment or misalignment of interests between management and shareholders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 04/30/2025 | Date of transaction: acquisition of phantom stock units |
| 05/01/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, PPG Industries, Phantom Stock Units, Beneficial Ownership, Ericson, Deferred Compensation Plan
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