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, the Senior VP & CFO of PPG Industries, filed a Form 4 indicating changes in beneficial ownership.
• The report details the acquisition of 112.5784 phantom stock units on March 12, 2025, at a price of $110.98 per unit.
• These phantom stock units convert to common stock on a one-for-one basis after termination of employment with PPG.
• Following the reported transaction, Morales beneficially owns 26,742.4955 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.
• The phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard compensation practices. The sentiment is neutral to slightly positive as it reflects management's alignment with company performance through stock ownership.

Industry Context

Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company securities, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the compensation and holdings of a key executive.
• Employees participating in the Deferred Compensation Plan may be interested in the details of the phantom stock units.

Key Dates