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, reported changes in beneficial ownership related to phantom stock units.
Summary
- Vincent J. Morales, Senior VP & CFO of PPG Industries, filed a Form 4 with the SEC on June 14, 2024.
- The report details changes in his beneficial ownership of PPG Industries' securities.
- The transaction involved phantom stock units, which convert to common stock on a one-for-one basis after termination of employment.
- Morales acquired 94.2155 phantom stock units at a price of $130.41.
- Following the reported transaction, Morales beneficially owns 17,595.4852 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in company stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 06/12/2024 | Date of transaction involving phantom stock units. |
| 06/14/2024 | Date of Form 4 filing. |
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