Vincent J. Morales - 16 Feb 2022 Form 4 Insider Report for PPG INDUSTRIES INC (PPG)

Signature
/s/ Greg E. Gordon, Attorney-in-Fact for Vincent J. Morales
Issuer symbol
PPG
Transactions as of
16 Feb 2022
Net transactions value
-$357,046
Form type
4
Filing time
18 Feb 2022, 17:26:58 UTC
Previous filing
17 Feb 2022
Next filing
22 Feb 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPG Common Stock Award $0 +7,643 +44% $0.000000 25,016 16 Feb 2022 Direct F1
transaction PPG Common Stock Tax liability $357,046 -2,351 -9.4% $151.87 22,665 16 Feb 2022 Direct
holding PPG Common Stock 6,436 16 Feb 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 +27,380 $0.000000 27,380 16 Feb 2022 Common Stock 27,380 $151.87 Direct F3
transaction PPG Phantom Stock Units Award +2,232 +47% 6,994 16 Feb 2022 Common Stock 2,232 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.