Form 4: PPG Industries Senior VP & CFO Vincent J. Morales Reports Changes in Beneficial Ownership

Vincent J. Morales, Senior VP & CFO of PPG Industries, reports changes in beneficial ownership of phantom stock units.

Summary

• Vincent J. Morales, Senior VP & CFO of PPG Industries, filed a Form 4 on May 1, 2024, reporting changes in beneficial ownership.
• The report details the acquisition of phantom stock units which convert to common stock on a one-for-one basis after termination of employment with PPG.
• On April 30, 2024, Morales acquired 16.2743 phantom stock units at a price of $129.
• Following the reported transaction, Morales beneficially owns 17,511.4986 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: This is a routine regulatory filing, indicating neutral sentiment. It reflects standard executive compensation practices.

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

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on the stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates