PPG (NYSE: PPG) CFO granted 10,054 shares, uses 4,136 to pay tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PPG Industries Senior VP & CFO Vincent J. Morales reported equity transactions involving company common stock. He acquired 10,054 shares on a grant or award basis at $0.0000 per share, described as settlement of a 2023 restricted stock unit performance award.
On the same date, 4,136 shares were disposed of at $128.25 per share to cover tax liabilities by delivering shares. After these transactions, Morales directly owned 5,918 shares of PPG common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Morales Vincent J
Role
Senior VP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,054 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,136 | $128.25 | $530K |
Holdings After Transaction:
Common Stock — 10,054 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider stock transactions did PPG (PPG) CFO Vincent J. Morales report?
PPG CFO Vincent J. Morales reported receiving 10,054 shares of common stock as an equity award and disposing of 4,136 shares to satisfy tax obligations, leaving him with 5,918 directly owned shares after the transactions.
Was the PPG (PPG) CFO’s Form 4 transaction an open-market stock sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Morales used 4,136 shares, valued at $128.25 each, to cover tax liabilities tied to a restricted stock unit performance award settlement.
What does the tax-withholding disposition on the PPG (PPG) Form 4 mean?
The tax-withholding disposition means 4,136 shares were surrendered at $128.25 per share to pay tax obligations. This is a common administrative step when restricted stock unit performance awards settle and generate taxable income for the executive.