Form 4: PPG Industries Senior VP & CFO Reports Acquisition of Phantom Stock Units

Vincent J. Morales, Senior VP & CFO of PPG Industries, reports acquiring phantom stock units convertible to common stock after termination of employment.

Summary

• Vincent J. Morales, Senior VP & CFO of PPG Industries, filed a Form 4 on July 1, 2024, reporting a transaction on June 28, 2024.
• The transaction involved the acquisition of 29.0337 phantom stock units.
• These units convert to common stock on a one-for-one basis after termination of employment with PPG.
• The price of the phantom stock units was $125.89.
• Following the reported transaction, Morales beneficially owns 17,624.5189 phantom stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings in the company's stock.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the executive's stake in the company.
• The acquisition of phantom stock units aligns the executive's interests with those of the shareholders.

Key Dates