Form 4: PPG Industries Senior VP & CFO Vincent J. Morales Reports Acquisition of Phantom Stock Units

Vincent J. Morales, Senior VP & CFO of PPG Industries, reports the acquisition of phantom stock units convertible to common stock.

Summary

• On August 15, 2024, Vincent J. Morales, Senior VP & CFO of PPG Industries, acquired phantom stock units.
• The phantom stock 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 $122.07.
• Morales now holds a total of 17,690.9151 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.
• The reporting person's holdings in the plan may change depending on the fair market value of the issuer's common stock and the amount of cash in the fund.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It reports a transaction without expressing any positive or negative sentiment.

Future Outlook

The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund.

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 and related instruments.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock units held by an executive.
• It provides transparency to shareholders regarding executive compensation and alignment with company performance.

Key Dates