Form 4: PPG Industries Executive Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
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
- On February 28, 2025, Amy R. Ericson, a Senior VP at PPG Industries, acquired phantom stock units.
- These units convert to common stock on a one-for-one basis after termination of employment.
- The transaction resulted in Ms. Ericson holding a total of 1.4845 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.
- The price of the derivative security was $113.22.
- The reporting person's holdings are in an unfunded unitized company stock fund comprised of stock and cash.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Future Outlook
The phantom stock units will convert to common stock on a one-for-one basis after termination of employment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's confidence in the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of transaction: acquisition of phantom stock units |
| 03/03/2025 | Date of signature on the report |
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