Michael Nally - Apr 17, 2024 Form 4 Insider Report for PPG INDUSTRIES INC (PPG)

Role
Director
Signature
/s/ Greg E. Gordon, Attorney-in-Fact for Michael Nally
Stock symbol
PPG
Transactions as of
Apr 17, 2024
Transactions value $
$192,599
Form type
4
Date filed
4/19/2024, 12:45 PM
Previous filing
Mar 13, 2024
Next filing
Jun 14, 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 Restricted Stock Units Options Exercise $0 -1.17K -100% $0.00* 0 Apr 17, 2024 Common Stock 1.17K Direct F1
transaction PPG Phantom Stock Units Options Exercise $158K +1.17K +26.82% $134.96 5.55K Apr 17, 2024 Common Stock 1.17K Direct F2, F3
transaction PPG Phantom Stock Units Award $34.2K +253 +4.55% $135.11 5.8K Apr 18, 2024 Common Stock 253 Direct F2, F3, F4
transaction PPG Restricted Stock Units Award $0 +1.37K $0.00 1.37K Apr 18, 2024 Common Stock 1.37K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon the vesting of restricted stock units on April 17, 2024, which were granted to the reporting person on April 20, 2023, the reporting person deferred the receipt of 1,174 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 1,174 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. 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 common stock and the amount of cash in the fund.
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 16, 2025.