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 acquiring phantom stock units convertible to common stock, according to a Form 4 filing.

Summary

• On March 29, 2024, Vincent J. Morales, Senior VP & CFO of PPG Industries, reported acquiring phantom stock units.
• The phantom stock units are convertible to common stock on a one-for-one basis after termination of employment with PPG.
• The transaction involved 1.1456 phantom stock units at a price of $144.9, resulting in a total of 17,478.7022 phantom stock units held by Morales.
• These 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 neutral regulatory filing. It doesn't convey any explicit positive or negative sentiment, simply reporting a transaction.

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 of company stock and related instruments.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the compensation and holdings of a key executive.

Key Dates