Form 4 for PPG PPG Industries
Accepted 2023-02-01 00:00:00 ET · period of report 2023-01-31 · accession 0001209191-23-005849 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-02-01 | 2023-01-31 | PPG | MCGARRY MICHAEL H | Executive COB, Dir | S - Sale+OE | $129.96 | -61.9K | 183.6K | -25% | -$8.04M |
| D | 2023-02-01 | 2023-01-31 | PPG | MCGARRY MICHAEL H | Executive COB, Dir | M - OptEx | $95.00 | +61.9K | 245.5K | +34% | +$5.88M |
| D | 2023-02-01 | 2023-01-31 | PPG | MCGARRY MICHAEL H | Executive COB, Dir | A - Grant | $130.34 | +25.40 | 5,306 | +0.5% | +$3,311 |
| D | 2023-02-01 | 2023-01-31 | PPG | MCGARRY MICHAEL H | Executive COB, Dir | M - OptEx | $0.00 | -61.9K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-01-31 | S | D | 61,867 | $129.96 | 183,645 | D | — | — | (F1) This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $129.5200 to $130.4300 per share, inclusive. The reporting person will provide, upon request of the SEC staff, PPG or a shareholder of PPG, complete information regarding the number of shares sold at each price within the range. |
| 2 | Common | Common Stock | 2023-01-31 | M | A | 61,867 | $95.00 | 245,512 | D | — | — | |
| 3 | Derivative | Phantom Stock Units | 2023-01-31 | A | A | 25.40 | $130.34 | 5,305.79 | D | — · — to — | 25.40 Common Stock | (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. (F3) The security converts to common stock on a one-for-one basis. (F4) After termination of employment with PPG. |
| 4 | Derivative | Employee Stock Options | 2023-01-31 | M | D | 61,867 | $0.00 | 0 | D | $95.00 · 2019-02-17 to 2026-02-16 | 61,867 Common Stock |