Vincent J. Morales - Feb 16, 2022 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, 2022
Transactions value $
-$357,046
Form type
4
Date filed
2/18/2022, 05:26 PM
Previous filing
Feb 17, 2022
Next filing
Feb 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPG Common Stock Award $0 +7.64K +43.99% $0.00 25K Feb 16, 2022 Direct F1
transaction PPG Common Stock Tax liability -$357K -2.35K -9.4% $151.87 22.7K Feb 16, 2022 Direct
holding PPG Common Stock 6.44K Feb 16, 2022 By 401(k) Plan F2

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 Employee Stock Option Award $0 +27.4K $0.00 27.4K Feb 16, 2022 Common Stock 27.4K $151.87 Direct F3
transaction PPG Phantom Stock Units Award +2.23K +46.87% 6.99K Feb 16, 2022 Common Stock 2.23K 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 2019 restricted stock unit performance award.
F2 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 16, 2022.
F3 Right to buy granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan.
F4 Upon the settlement of the 2019 Total Shareholder Return award, the reporting person deferred the receipt of 2,232 shares of common stock and received instead 2,232 phantom stock units pursuant to the PPG Industries, Inc. Deferred Compensation Plan.
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.