Vincent J. Morales - Aug 1, 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
Aug 1, 2023
Transactions value $
-$184,260
Form type
4
Date filed
8/2/2023, 02:49 PM
Previous filing
Jun 13, 2023
Next filing
Sep 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPG Common Stock Options Exercise $346K +3.7K +16.32% $93.53 26.4K Aug 1, 2023 Direct
transaction PPG Common Stock Sale -$530K -3.7K -14.03% $143.33 22.7K Aug 1, 2023 Direct
holding PPG Common Stock 8.36K Aug 1, 2023 By 401(k) Plan F1

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 Options Options Exercise $0 -3.7K -100% $0.00* 0 Aug 1, 2023 Common Stock 3.7K $93.53 Direct
holding PPG Phantom Stock Units 15.7K Aug 1, 2023 Common Stock 15.7K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Total amount of shares held for the reporting person in the reporting person's account in the PPG Industries Employee Savings Plan as of August 1, 2023.
F2 The security converts to common stock on a one-for-one basis.
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. The total number of phantom stock units held by the reporting person has been adjusted to reflect a reversal of contributions that were reported in Forms 4 filed on and after January 18, 2022. 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.