Form 4: PPG Industries Executive Reports Acquisition of Phantom Stock Units

Amy R. Ericson, a Senior VP at PPG Industries, reported the acquisition of phantom stock units convertible to common stock after termination of employment.

Summary

• Amy R. Ericson, a Senior VP at PPG Industries, filed a Form 4 disclosing changes in beneficial ownership.
• The report indicates the acquisition of 0.4455 phantom stock units on April 15, 2025, which convert to common stock on a one-for-one basis after termination of employment.
• The price of the derivative security is $99.61.
• Following the transaction, Ericson holds 2.7268 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, providing transparency to the market.

Comparison to Industry Standards

• Executive compensation packages often include phantom stock units as a way to align executive interests with shareholder value.
• The specific terms of these units, such as the conversion ratio and vesting schedule, are typical components of executive compensation agreements.

Stakeholder Impact

• The acquisition of phantom stock units by a company executive can signal confidence in the company's future performance to shareholders.

Key Dates

Keywords

Form 4, PPG Industries, phantom stock units, beneficial ownership, Ericson, executive compensation