John V. Faraci - Apr 20, 2020 Form 4 Insider Report for PPG INDUSTRIES INC (PPG)

Role
Director
Signature
/s/ Greg E. Gordon, Attorney-in-Fact for John V. Faraci
Stock symbol
PPG
Transactions as of
Apr 20, 2020
Transactions value $
$124,720
Form type
4
Date filed
4/22/2022, 01:22 PM
Next filing
May 17, 2021

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 -947 -100% $0.00* 0 Apr 20, 2022 Common Stock 947 Direct F1
transaction PPG Phantom Stock Units Options Exercise $125K +947 +4.11% $131.70 24K Apr 20, 2022 Common Stock 947 Direct F2, F3
* 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 20, 2022, which were granted to the reporting person on April 15, 2021, the reporting person deferred the receipt of 947 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 947 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.