Michael W. Lamach - Apr 19, 2023 Form 4 Insider Report for PPG INDUSTRIES INC (PPG)

Role
Director
Signature
/s/ Greg E. Gordon, Attorney-in-Fact for Michael W. Lamach
Stock symbol
PPG
Transactions as of
Apr 19, 2023
Transactions value $
$173,158
Form type
4
Date filed
4/21/2023, 02:53 PM
Previous filing
Mar 13, 2023
Next filing
Jun 5, 2023

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 Restricted Stock Units Options Exercise $0 -1.23K -100% $0.00* 0 Apr 19, 2023 Common Stock 1.23K Direct F1
transaction PPG Phantom Stock Units Options Exercise $173K +1.23K +13.15% $140.55 10.6K Apr 19, 2023 Common Stock 1.23K Direct F2, F3, F4
transaction PPG Restricted Stock Units Award $0 +1.17K $0.00 1.17K Apr 20, 2023 Common Stock 1.17K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon the vesting of restricted stock units on April 19, 2023, which were granted to the reporting person on April 21, 2022, the reporting person deferred the receipt of 1,232 shares of common stock and received instead shares of phantom stock pursuant to the PPG Industries, Inc. Deferred Compensation Plan for Directors. As a result, the reporting person is reporting the conversion of restricted stock units relating to 1,232 shares of common stock in exchange for shares in phantom stock.
F2 The security converts to common stock on a one-for-one basis.
F3 After termination of service as a Director of PPG Industries, Inc.
F4 Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors.
F5 Each restricted stock unit represents a contingent right to receive one share of PPG Common Stock.
F6 The restricted stock units vest on April 17, 2024.