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 April 1, 2025, reporting a transaction on March 31, 2025.
• The transaction involved the acquisition of 8.2802 phantom stock units, which convert to common stock on a one-for-one basis after termination of employment.
• The price of the derivative security was $109.35.
• Following the reported transaction, Morales beneficially owns 26,765.3417 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, indicating a standard transaction. It doesn't inherently suggest positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.

Key Dates

Keywords

Form 4, PPG Industries, Vincent J. Morales, phantom stock units, beneficial ownership, insider trading