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 changes in beneficial ownership of phantom stock units.
Summary
- On May 15, 2024, Vincent J. Morales, Senior VP & CFO of PPG Industries, reported changes in his beneficial ownership.
- The reported transaction involves phantom stock units that convert to common stock on a one-for-one basis after termination of employment with PPG.
- Morales acquired phantom stock units, with 1.2293 units acquired at a price of $135.04.
- Following the reported transaction, Morales beneficially owns 17,501.2697 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 routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of a key executive.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of the transaction involving phantom stock units. |
| 05/16/2024 | Date of signature for the report. |
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