DAVIS STEVEN A 4
4 · PPG INDUSTRIES INC · Filed Apr 22, 2022
Insider Transaction Report
Form 4
DAVIS STEVEN A
Director
Transactions
- Award
Phantom Stock Units
2022-04-21$133.15/sh+242.543$32,295→ 7,439.401 total→ Common Stock (242.543 underlying) - Exercise/Conversion
Restricted Stock Units
2022-04-20−947→ 0 total→ Common Stock (947 underlying) - Exercise/Conversion
Phantom Stock Units
2022-04-20$131.70/sh+947$124,720→ 7,196.859 total→ Common Stock (947 underlying) - Award
Restricted Stock Units
2022-04-21+1,232→ 1,232 total→ Common Stock (1,232 underlying)
Footnotes (6)
- [F1]Upon the vesting of restricted stock units on April 20, 2022, which were granted to the reporting person on April 15, 2021, the reporting person deferred the receipt of 947 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 947 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.
- [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 19, 2023