McGarry Michael H's Form 4 filing
PPG Industries IncPPG · filed Feb 1, 2023
- Accession no.
- 0001209191-23-005849
- Filed
- Feb 1, 2023
- Trade date
- Jan 31, 2023
- Filing delay
- 1 day
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 2 non-derivative transactions and 2 derivative transactions. Open-market sales total $8.04M. It was filed 1 day after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| McGarry Michael HCIK 0001438852 | Director, Officer (Executive Chairman) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jan 31, 2023 | Common Stock | MOption exerciseAcquired | +61,867 | $95.00 | +$5,877,365 | 245,512 | Direct | |
| Jan 31, 2023 | Common Stock | SSaleDisposed | −61,867 | $129.96F1 | −$8,040,235.32 | 183,645 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jan 31, 2023 | Common Stock | AGrant or awardAcquired | +25.4 | $130.34 | +$3,310.64 | 5,305.79 | Direct | |
| Jan 31, 2023 | Common Stock | MOption exerciseDisposed | −61,867 | $0.00 | $0 | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- 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.
Referenced by the price of 1 transaction in Table I.