Morales Vincent J 4
4 · PPG INDUSTRIES INC · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
PPG CFO Vincent Morales Receives Phantom Stock Award
What Happened
Vincent J. Morales, Senior Vice President and Chief Financial Officer of PPG Industries (PPG), received a grant of 122.136 phantom stock units on 2026-06-12. The units were valued at $119.34 each, a total value of $14,576, and are reported as a derivative award (transaction code A).
Key Details
- Transaction date: 2026-06-12; Filing date: 2026-06-15 (filed within the usual two-business-day window).
- Grant: 122.136 phantom stock units @ $119.34 each; total reported value $14,576.
- Shares owned after the transaction: not specified in the filing.
- Footnotes: F1 — units convert to common stock on a one-for-one basis; F2 — (notes) after termination of employment; F3 — units are "phantom stock" in PPG’s Deferred Compensation Plan and reflect interests in a unitized stock/cash fund.
- Nature: derivative award (phantom/units), not an open-market purchase or sale.
Context
Phantom stock units are a deferred compensation award that track the value of company stock but are technically derivatives until settled; they may convert to common shares on a one-for-one basis or be paid in cash per plan rules. Such awards are common for executive compensation and do not by themselves indicate buying or selling sentiment.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3]2026-06-12$119.34/sh+122.136$14,576→ 27,815.471 total→ Common Stock (122.136 underlying)
Footnotes (3)
- [F1]The security converts to common stock on a one-for-one basis.
- [F2]After termination of employment with PPG.
- [F3]Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan. 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's common stock and the amount of cash in the fund.