In 2022, Michael H. McGarry earned $4.41M in total compensation at PPG Industries, including $1.35M salary and $3.06M in stock. Most recently acquired 4,498 shares in Apr 2024. Currently holds stock worth $23.70M. Has donated $1.44M in stock to charitable causes. Led PPG Industries as CEO for 7 years.
Compensation History
Annual executive compensation data for Michael H. McGarry, including salary, bonuses, and stock awards.
Year
2022
Total Compensation
$4.41M
Salary
$1.35M
Bonus
$0.00
Other
$0.00
Salary
$1.35MBoard Justification
The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with the company's financial performance and shareholder interests.
Bonus
$0.00Board Justification
The annual incentive award for 2022 was based on performance metrics including adjusted earnings per diluted share, adjusted cash flow from operations, price increase, and sales volume growth, with a payout of 63% of target due to performance results.
Other Compensation
$0.00Board Justification
No additional compensation was reported outside of salary, bonus, and stock awards.
Restricted Stock
Board Justification
The number of shares acquired upon the vesting of performance-based restricted stock units (PBRSUs) granted in 2020, which vested in 2022.
Performance Metrics
Adjusted earnings per diluted share, adjusted cash flow from operations, price increase, and sales volume growth.
Michael H. McGarry
Ex-CEO of PPG Industries
Education
Not specified
Field of Expertise
Business & Management
Sector of Economy
Basic Materials
Born
January 1, 1965 - 60 years ago
CEO of PPG Industries for
7 years 3 months (Sep 2015 - Dec 2022)
Previous Experience
Formerly President and Chief Operating Officer of PPG Industries, Inc.
Holdings
Track Michael H. McGarry's stock holdings and portfolio value over time.
Total Stock Sold
$62.02M
$62.02M
535,459 PPG shares
What if they kept their stock?
If Michael H. McGarry didn't sell their stock, today they would have:
Extra PPG535,459 shares worth $54.10M.
This is -12.78% and $7.93M less than what they got when they sold the stock.
Charitable Transactions
14,219 shares
PPG
Recent Charitable Transactions
2,707 shares
PPG
Feb 17, 2023
Charity
2,428 shares
PPG
Feb 28, 2022
Charity
2,692 shares
PPG
Feb 19, 2021
Charity
1,566 shares
PPG
Jan 31, 2018
Charity
932 shares
PPG
Feb 15, 2017
Charity
610 shares
PPG
Dec 31, 2016
Charity
Insider Trading
Michael H. McGarry's recent stock transactions, purchases, and sales filed with the SEC.
4,498 shares
X
Apr 30, 2024
Received
$23.97M
PPG at $146.69/share
Jul 25, 2023
Sale
6,767 shares
X
Apr 25, 2023
Received
2,707 shares
PPG
Feb 17, 2023
Charity
24,351 shares
PPG
Feb 15, 2023
Received
$8.04M
PPG at $129.96/share
Jan 31, 2023
Sale
5,163.511 shares
X
Apr 26, 2022
Received
2,428 shares
PPG
Feb 28, 2022
Charity
49,916 shares
PPG
Feb 16, 2022
Received
2,254.56 shares
X
Jan 15, 2022
Received
Rivals
Compare Michael H. McGarry with competitor CEOs and industry peers.
Michael H. Sullivan
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Stock
$1.27M
Salary
$1.07M
Bonus
$1.58M
Other
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Total Holdings
$1.56M
Chris Villavarayan
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2023 Compensation
Stock
$0.00
Salary
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Bonus
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Total Holdings
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Sean D. Keohane
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2023 Compensation
Stock
$0.00
Salary
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Bonus
$1.05M
Other
$235.25K
Total Holdings
$7.85M
Patrick H. Hawkins
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2021 Compensation
Stock
$0.00
Salary
$500.00K
Bonus
$100.00K
Other
$59.74K
Total Holdings
$33.70M
John F. Kasel
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2023 Compensation
Stock
$0.00
Salary
$675.00K
Bonus
$987.19K
Other
$133.07K
Total Holdings
$3.10M
Sanjiv Lamba
CEO of Linde
2024 Compensation
Stock
$10.16M
Salary
$1.48M
Bonus
$2.70M
Other
$150.14K
Total Holdings
$9.27M