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 detailing changes in beneficial ownership.
• The report indicates the acquisition of 45.4844 phantom stock units on April 15, 2025, which convert to common stock on a one-for-one basis after termination of employment.
• The price of the derivative security is $99.61.
• Following the reported transaction, Morales beneficially owns 26,810.8261 derivative securities.
• These phantom stock units are held in the PPG Industries, Inc. Deferred Compensation Plan and represent interests in an unfunded unitized company stock fund.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

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

Stakeholder Impact

• The acquisition of phantom stock units by a high-ranking executive could signal confidence in the company's future performance to shareholders.

Key Dates

Keywords

Form 4, PPG Industries, Vincent J. Morales, Phantom Stock Units, Beneficial Ownership, Deferred Compensation Plan, Senior VP & CFO