Form 4: PPG Industries Executive Acquires Phantom Stock Units

A PPG Industries executive, Kevin D. Braun, acquired 1,719.6 phantom stock units, convertible to common stock, as part of a deferred compensation plan.

Summary

• Kevin D. Braun, a Senior Vice President at PPG Industries, acquired 1,719.6 phantom stock units on January 15, 2025.
• These phantom stock units are part of the PPG Industries, Inc. Deferred Compensation Plan.
• The units convert to common stock on a one-for-one basis after termination of employment.
• The price of the underlying common stock at the time of the transaction was $117.57.
• The total number of phantom stock units held by Mr. Braun after this transaction is 560,507.3.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally viewed neutrally to slightly positive as it aligns executive interests with company performance.

Positives

• The acquisition of phantom stock units aligns the executive's interests with the company's performance.
• The deferred compensation plan provides a long-term incentive for the executive.

Future Outlook

The phantom stock units will convert to common stock after the executive's termination of employment.

Industry Context

This is a standard practice for executive compensation in publicly traded companies, aligning executive interests with shareholder value through equity-based incentives.

Comparison to Industry Standards

• Many large public companies use deferred compensation plans with phantom stock units as part of their executive compensation packages.
• These plans are designed to retain key executives and incentivize long-term performance, similar to practices at companies like Sherwin-Williams and Axalta Coating Systems.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.
• The transaction has a positive impact on the executive as it provides a long-term incentive.

Key Dates

Keywords

PPG Industries, phantom stock units, deferred compensation, executive compensation, insider trading, Form 4