Form 4: PPG Industries Senior VP & CFO, Vincent J. Morales, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Vincent J. Morales, Senior VP & CFO of PPG Industries, reports acquisition of phantom stock units convertible to common stock.
Summary
- On September 30, 2024, Vincent J. Morales, Senior VP & CFO of PPG Industries, reported a transaction involving phantom stock units.
- Morales acquired 12.7952 phantom stock units, which convert to common stock on a one-for-one basis after termination of employment with PPG.
- The price of each phantom stock unit was $132.46.
- Following the reported transaction, Morales beneficially owns 17,827.2058 phantom stock units.
- These units are held directly and represent interests in an unfunded unitized company stock fund comprised of stock and cash within the PPG Industries, Inc. Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and holdings, common in publicly traded companies like PPG Industries.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction involving phantom stock units acquisition. |
| 10/01/2024 | Date of signature for the report. |
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