FARACI JOHN V 4
4 · PPG INDUSTRIES INC · Filed Apr 22, 2022
Insider Transaction Report
Form 4
FARACI JOHN V
Director
Transactions
- 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→ 24,002.753 total→ Common Stock (947 underlying)
Footnotes (3)
- [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.