Sundar PichaiSundar Pichai earned $164M in 2023

Michael H. McGarry has been the Chief Executive Officer of PPG Industries, Inc. since September 1, 2015. He started his career with PPG in various roles, from Senior Vice President of Commodity Chemicals to Chief Operating Officer. Over his tenure,...

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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

See how much did Michael H. McGarry make over time.

Michael H. McGarry's insider trading activity shows interesting fluctuations in his holdings at PPG Industries. Starting in 2019, he had a steady rise in his wealth tied to his company stocks, peaking at $36.38 million in December 2023. Over this...

Mar 11, 2025

Total Stock Sold

$55.89M

PPG

$55.89M

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 $52.03M.
This is -6.9% and $3.86M less than what they got when they sold the stock.

Charitable Transactions

PPG

14,219 shares

PPG

Recent Charitable Transactions

PPG

2,707 shares

PPG

Feb 17, 2023

Charity

PPG

2,428 shares

PPG

Feb 28, 2022

Charity

PPG

2,692 shares

PPG

Feb 19, 2021

Charity

PPG

1,566 shares

PPG

Jan 31, 2018

Charity

PPG

932 shares

PPG

Feb 15, 2017

Charity

PPG

610 shares

PPG

Dec 31, 2016

Charity

Insider Trading

See recent insider trades of Michael H. McGarry.

X

4,498 shares

X

Apr 30, 2024

Received

PPG

$23.97M

PPG at $146.69/share

Jul 25, 2023

Sale

X

6,767 shares

X

Apr 25, 2023

Received

PPG

2,707 shares

PPG

Feb 17, 2023

Charity

PPG

24,351 shares

PPG

Feb 15, 2023

Received

PPG

$8.04M

PPG at $129.96/share

Jan 31, 2023

Sale

X

5,163.511 shares

X

Apr 26, 2022

Received

PPG

2,428 shares

PPG

Feb 28, 2022

Charity

PPG

49,916 shares

PPG

Feb 16, 2022

Received

X

2,254.56 shares

X

Jan 15, 2022

Received

Compensation History

See how much did Michael H. McGarry make over time.

Michael H. McGarry's total compensation varied significantly during his tenure at PPG Industries. In 2022, he received about $13.5 million, which included a salary of $1.35 million and a large portion from vested stock valued at approximately $3.06 million. However, his compensation peaked at $12.9 million in 2021, largely due to a performance-based bonus which was 115% of the target, indicating strong operational success that year. McGarry’s comp package reflects PPG's focus on aligning executive pay with performance metrics, which emphasize cash flow and sales growth. This approach underscores the expectation that leaders should be rewarded for delivering results that benefit both the company and its shareholders.

Year

2022

Total Compensation

$4.41M

Salary

$1.35M

Board Justification

The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with the company's financial performance and shareholder interests.

Bonus

$0.00

Board 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

$0.00

Board Justification

No additional compensation was reported outside of salary, bonus, and stock awards.

Restricted Stock

$3.06M(24.35K RSU)

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.