Vincent J. Morales - Feb 14, 2024 Form 4 Insider Report for PPG INDUSTRIES INC (PPG)

Role
Senior VP & CFO
Signature
/s/ Greg E. Gordon, Attorney-in-Fact for Vincent J. Morales
Stock symbol
PPG
Transactions as of
Feb 14, 2024
Transactions value $
-$405,009
Form type
4
Date filed
2/16/2024, 03:13 PM
Previous filing
Feb 1, 2024
Next filing
Feb 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPG Common Stock Award $0 +7.89K +34.82% $0.00 30.6K Feb 14, 2024 Direct F1
transaction PPG Common Stock Award $0 +775 +2.54% $0.00 31.3K Feb 14, 2024 Direct F2
transaction PPG Common Stock Tax liability -$405K -2.89K -9.23% $140.10 28.4K Feb 14, 2024 Direct
holding PPG Common Stock 8.44K Feb 14, 2024 By 401(k) Plan F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PPG Phantom Stock Units Award $160 +1.12 +0.01% $142.42 15.8K Feb 15, 2024 Common Stock 1.12 Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Settlement of 2021 restricted stock unit performance award.
F2 Settlement of 2021 total shareholder return contingent shares award. The reporting person deferred receipt of 775 shares of the total 1,550 shares awarded and received the deferred shares as 775 phantom stock units pursuant to the PPG Industries, Inc. Deferred Compensation Plan.
F3 Total amount of shares held for the reporting person in the reporting person's account in the PPG Industries Employee Savings Plan as of February 14, 2024.
F4 The security converts to common stock on a one-for-one basis.
F5 After termination of employment with PPG.
F6 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.