HAYNES VICTORIA F 4
4 · PPG INDUSTRIES INC · Filed Apr 17, 2020
Insider Transaction Report
Form 4
HAYNES VICTORIA F
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2020-04-15−1,207→ 0 total→ Common Stock (1,207 underlying) - Exercise/Conversion
Phantom Stock Units
2020-04-15+1,207→ 47,387.617 total→ Common Stock (1,207 underlying)
Footnotes (4)
- [F1]Upon the vesting of restricted stock units on April 15, 2020, which were granted to the reporting person on April 18, 2019, the reporting person deferred the receipt of 1,207 shares of common stock and received instead 1,207 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 1,207 shares of common stock in exchange for an equal number of 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.