Form 4: PPG Industries Executive Acquires Phantom Stock Units

PPG Industries Senior VP & CFO, Vincent J. Morales, acquired 29,8506 phantom stock units on December 31, 2024, convertible to common stock after termination of employment.

Summary

• Vincent J. Morales, Senior VP & CFO of PPG Industries, acquired 29.8506 phantom stock units on December 31, 2024.
• These phantom stock units are convertible to common stock on a one-for-one basis after termination of employment with PPG.
• The price of the phantom stock units was $119.45 per unit.
• The total number of phantom stock units held by Mr. Morales in the PPG Industries, Inc. Deferred Compensation Plan is 18,064.5928.
• The number of shares attributed to Mr. Morales may change based on the fair market value of PPG's common stock and the amount of cash in the fund.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally neutral to positive. It indicates that the executive is invested in the company's long-term success.

Future Outlook

The phantom stock units will convert to common stock after the termination of Mr. Morales' employment with PPG.

Industry Context

This is a routine filing related to executive compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Many publicly traded companies use phantom stock units as part of their executive compensation packages.
• The vesting and conversion terms are typical for such arrangements, often tied to employment termination or retirement.
• The use of deferred compensation plans is a common practice to align executive interests with long-term company performance.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with the company's long-term performance.
• The transaction has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

PPG Industries, phantom stock units, insider trading, executive compensation, deferred compensation, Vincent J. Morales, SEC Form 4