Form 4: PPG Industries Senior VP & CFO, Vincent J. Morales, Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Vincent J. Morales, Senior VP & CFO of PPG Industries, reports the acquisition of phantom stock units convertible to common stock.
Summary
- On July 15, 2024, Vincent J. Morales, Senior VP & CFO of PPG Industries, acquired phantom stock units.
- These units are convertible to common stock on a one-for-one basis after termination of employment with PPG.
- The transaction involved 12.5597 phantom stock units at a price of $130.88 per unit.
- Following the reported transaction, Morales beneficially owns 17,637.0786 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting standard executive compensation practices.
Industry Context
This filing is a routine disclosure related to executive compensation and holdings, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it relates to executive compensation and holdings.
- The filing provides transparency regarding the executive's stake in the company.
Key Dates
| Date | Description |
|---|---|
| 07/15/2024 | Date of transaction: Acquisition of phantom stock units. |
| 07/16/2024 | Date of signature for the Form 4 filing. |
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