Form 4: PPG Industries Senior VP & CFO Reports Changes in Beneficial Ownership
SEC Filing
Vincent J. Morales, Senior VP & CFO of PPG Industries, reports changes in beneficial ownership of phantom stock units.
Summary
- Vincent J. Morales, Senior VP & CFO of PPG Industries, filed a Form 4 with the SEC on March 1, 2024.
- The report details changes in his beneficial ownership of PPG Industries' securities.
- The reported transaction involves phantom stock units, which convert to common stock on a one-for-one basis after termination of employment.
- Morales acquired 0.0818 phantom stock units at a price of $141.6.
- Following the transaction, Morales beneficially owns 17,408.2358 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of company executives.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of transaction involving phantom stock units |
| 03/01/2024 | Date of Form 4 filing |
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