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

PPG Industries' Senior VP & CFO, Vincent J. Morales, acquired 25,965.7 phantom stock units on January 31, 2025, convertible to common stock after termination of employment.

Summary

• Vincent J. Morales, Senior VP & CFO of PPG Industries, acquired 25,965.7 phantom stock units on January 31, 2025.
• These phantom stock units are convertible to common stock on a one-for-one basis after termination of employment with PPG.
• The phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash.
• The number of shares attributed to the reporting person 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.

Industry Context

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

Comparison to Industry Standards

• Many publicly traded companies use phantom stock units as part of their executive compensation packages.
• The vesting and conversion terms are typical for such arrangements, often tied to employment termination or retirement.
• The use of a deferred compensation plan is a common practice to align executive interests with long-term company performance.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it is part of the executive compensation plan.
• The phantom stock units will convert to common stock after termination of employment, potentially increasing the number of outstanding shares in the future.

Key Dates

Keywords

PPG Industries, Vincent J. Morales, phantom stock units, insider trading, executive compensation, SEC Form 4, deferred compensation