[Form 4] PPG INDUSTRIES INC Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PPG Industries Inc. director Melanie Healey received a grant of 42.062 phantom stock units linked to PPG common stock. These units were valued at $100.73 per unit for the award and increase her total phantom stock holdings in the directors’ deferred compensation plan to 4,104.2781 units.
The phantom stock units convert into PPG common shares on a one-for-one basis after she terminates service as a director. They represent an interest in an unfunded company stock fund consisting of PPG stock and cash, so the number of attributed units can change with stock price and cash levels in the fund.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Healey Melanie
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 42.062 | $100.73 | $4K |
Holdings After Transaction:
Phantom Stock Units — 4,104.278 shares (Direct)
Footnotes (1)
- The security converts to common stock on a one-for-one basis. After termination of service as a Director of PPG Industries, Inc. 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.