Form 4: PPG Industries Executive Reports Acquisition of Phantom Stock Units
SEC Filing
Amy R. Ericson, Sr. VP at PPG Industries, reports the acquisition of 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 indicating a transaction involving phantom stock units.
- The transaction occurred on March 12, 2025.
- Ericson acquired 0.0067 phantom stock units, which are convertible to common stock on a one-for-one basis after termination of employment.
- The price of the phantom stock units was $110.98.
- Following the transaction, Ericson beneficially owns 1.4912 phantom stock units through the PPG Industries, Inc. Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 03/12/2025 | Date of transaction: Acquisition of phantom stock units |
| 03/13/2025 | Date of signature on the Form 4 filing |
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