Form 4: PPG Industries Executive Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Amy R. Ericson, Sr. 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 disclosing a transaction involving phantom stock units.
- On March 31, 2025, Ericson acquired 0.4027 phantom stock units.
- These 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 $109.35.
- Following the reported transaction, Ericson beneficially owns 2.2813 phantom stock units through the PPG Industries, Inc. Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates an executive's participation in a deferred compensation plan, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of transaction: Acquisition of phantom stock units |
| 04/01/2025 | 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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