Michael H. Mcgarry - Feb 15, 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
Feb 15, 2023
Transactions value $
-$1,252,622
Form type
4
Date filed
2/17/2023, 09:21 AM
Previous filing
Feb 1, 2023
Next filing
Feb 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPG Common Stock Award $0 +24.4K +13.26% $0.00 208K Feb 15, 2023 Direct F1
transaction PPG Common Stock Tax liability -$1.26M -9.58K -4.61% $131.04 198K Feb 15, 2023 Direct
holding PPG Common Stock 15.6K Feb 15, 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 $3.13K +23.9 +0.45% $131.04 5.33K Feb 15, 2023 Common Stock 23.9 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Settlement of 2020 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 15, 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.