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.

Summary

• On March 12, 2024, Vincent J. Morales, Senior VP & CFO of PPG Industries, reported a transaction involving phantom stock units.
• Morales acquired 72.094 phantom stock units at a price of $141.31.
• These units convert to common stock on a one-for-one basis after termination of employment with PPG.
• Following the reported transaction, Morales beneficially owns 17,480.3298 phantom stock units.
• The phantom stock units are held directly and represent interests in an unfunded unitized company stock fund comprised of stock and cash.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It simply reports 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 related to executive compensation and holdings, common in publicly traded companies. It provides transparency into the equity-based compensation of key executives.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation.

Key Dates