Vincent J. Morales - Feb 16, 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 16, 2024
Transactions value $
$222,441
Form type
4
Date filed
2/21/2024, 05:31 PM
Previous filing
Feb 16, 2024
Next filing
Feb 22, 2024

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 $222K +1.57K +9.89% $141.91 17.4K Feb 16, 2024 Common Stock 1.57K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon settlement of the 2021 total shareholder return contingent shares award, the reporting person deferred receipt of 775 shares of common stock and one half of the cash portion of the award, and received instead 1,567.48 phantom stock units pursuant to the PPG Industries, Inc. Deferred Compensation Plan.
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.