Vincent J. Morales - Feb 15, 2023 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 15, 2023
Transactions value $
$1,607
Form type
4
Date filed
2/17/2023, 09:17 AM
Previous filing
Feb 1, 2023
Next filing
Mar 2, 2023

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 +26.6K $0.00 26.6K Feb 15, 2023 Common Stock 26.6K $131.04 Direct F1
transaction PPG Phantom Stock Units Award +5.9K +58.95% 15.9K Feb 15, 2023 Common Stock 5.9K Direct F2, F3
transaction PPG Phantom Stock Units Award $1.61K +12.3 +0.08% $131.04 15.9K Feb 15, 2023 Common Stock 12.3 $131.04 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Right to buy granted under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan.
F2 Upon the settlement of the 2020 restricted stock unit performance award, the reporting person deferred the receipt of 5,903 shares of common stock and received instead 5,903 phantom stock units pursuant to the PPG Industries, Inc. Deferred Compensation Plan.
F3 After termination of employment with PPG.
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's common stock and the amount of cash in the fund.