4//SEC Filing
Nally Michael 4
Accession 0000079879-24-000102
CIK 0000079879other
Filed
Apr 18, 8:00 PM ET
Accepted
Apr 19, 12:45 PM ET
Size
12.7 KB
Accession
0000079879-24-000102
Insider Transaction Report
Form 4
Nally Michael
Director
Transactions
- Award
Restricted Stock Units
2024-04-18+1,368→ 1,368 total→ Common Stock (1,368 underlying) - Exercise/Conversion
Restricted Stock Units
2024-04-17−1,174→ 0 total→ Common Stock (1,174 underlying) - Award
Phantom Stock Units
2024-04-18$135.11/sh+252.804$34,156→ 5,803.401 total→ Common Stock (252.804 underlying) - Exercise/Conversion
Phantom Stock Units
2024-04-17$134.96/sh+1,174$158,443→ 5,550.597 total→ Common Stock (1,174 underlying)
Footnotes (6)
- [F1]Upon the vesting of restricted stock units on April 17, 2024, which were granted to the reporting person on April 20, 2023, the reporting person deferred the receipt of 1,174 shares of common stock and received instead shares of phantom stock pursuant to the PPG Industries, Inc. Deferred Compensation Plan for Directors. As a result, the reporting person is reporting the conversion of restricted stock units relating to 1,174 shares of common stock in exchange for shares in phantom stock.
- [F2]The security converts to common stock on a one-for-one basis.
- [F3]After termination of service as a Director of PPG Industries, Inc.
- [F4]Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors. Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. 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 common stock and the amount of cash in the fund.
- [F5]Each restricted stock unit represents a contingent right to receive one share of PPG common stock.
- [F6]The restricted stock units vest on April 16, 2025.
Documents
Issuer
PPG INDUSTRIES INC
CIK 0000079879
Entity typeother
Related Parties
1- filerCIK 0001763945
Filing Metadata
- Form type
- 4
- Filed
- Apr 18, 8:00 PM ET
- Accepted
- Apr 19, 12:45 PM ET
- Size
- 12.7 KB