Michael H. Mcgarry - Jan 31, 2023 Form 4 Insider Report for PPG INDUSTRIES INC (PPG)

Role
Executive Chairman, Director
Signature
/s/ Greg E. Gordon, Attorney-in-Fact for Michael H. McGarry
Stock symbol
PPG
Transactions as of
Jan 31, 2023
Transactions value $
-$2,159,751
Form type
4
Date filed
2/1/2023, 10:42 AM
Previous filing
Jan 17, 2023
Next filing
Feb 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPG Common Stock Options Exercise $5.88M +61.9K +33.69% $95.00 246K Jan 31, 2023 Direct
transaction PPG Common Stock Sale -$8.04M -61.9K -25.2% $129.96 184K Jan 31, 2023 Direct F1
holding PPG Common Stock 15.6K Jan 31, 2023 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 Phantom Stock Units Award $3.31K +25.4 +0.48% $130.34 5.31K Jan 31, 2023 Common Stock 25.4 Direct F3, F4, F5
transaction PPG Employee Stock Options Options Exercise $0 -61.9K -100% $0.00* 0 Jan 31, 2023 Common Stock 61.9K $95.00 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $129.5200 to $130.4300 per share, inclusive. The reporting person will provide, upon request of the SEC staff, PPG or a shareholder of PPG, complete information regarding the number of shares sold at each price within the range.
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 January 31, 2023.
F3 The security converts to common stock on a one-for-one basis.
F4 After termination of employment with PPG.
F5 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.