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PPG INDUSTRIES INC — Director's Dealing 2021
Apr 17, 2021
30239_dirs_2021-04-16_fa146600-5cc2-45b9-8c63-37a1f51546c0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PPG INDUSTRIES INC (PPG)
CIK: 0000079879
Period of Report: 2021-04-14
Reporting Person: Heminger Gary R. (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-04-14 | Restricted Stock Units | $ | M | 1636 | Disposed | Common Stock (1636) | Direct | |
| 2021-04-14 | Phantom Stock Units | $ | M | 1636 | Acquired | Common Stock (1636) | Direct |
Footnotes
F1: Upon the vesting of restricted stock units on April 14, 2021, which were granted to the reporting person on April 15, 2020, the reporting person deferred the receipt of 1636 shares of common stock and received instead 1636 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 1636 shares of common stock in exchange for an equal number of 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.