Form 4: PPG Industries Senior VP & CFO Acquires Phantom Stock Units

PPG Industries' Senior VP & CFO, Vincent J. Morales, acquired 94.9916 phantom stock units on December 12, 2024, convertible to common stock after termination of employment.

Summary

• Vincent J. Morales, Senior VP & CFO of PPG Industries, acquired 94.9916 phantom stock units on December 12, 2024.
• These phantom stock 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 $124.02 per unit.
• The total number of phantom stock units held by Mr. Morales in the PPG Industries, Inc. Deferred Compensation Plan is 18,015.8945.
• The number of shares attributed to Mr. Morales as a Plan participant may change based on the fair market value of PPG's common stock and the amount of cash in the fund.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally neutral to positive. The acquisition of phantom stock units is a common practice and does not indicate any significant positive or negative sentiment.

Future Outlook

The phantom stock units will convert to common stock after the termination of employment with PPG.

Industry Context

This is a routine filing related to executive compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include phantom stock units as a form of deferred compensation.
• Many companies in the materials and manufacturing sector, such as Sherwin-Williams and DuPont, use similar compensation structures for their executives.
• The vesting and conversion terms of these units are typical for deferred compensation plans.

Stakeholder Impact

• The transaction has a minor positive impact on the executive's alignment with shareholder interests.
• The transaction has no immediate impact on other stakeholders.

Key Dates

Keywords

PPG Industries, Vincent J. Morales, Phantom Stock Units, Deferred Compensation Plan, Executive Compensation, Form 4, Insider Trading