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,...

Current Market Cap

$28.39B

Number of Employees

53K

Total Compensation

2018 - 2022

Trending down by -67.00% last year
Showing total compensation for the last 2018 - 2022

Stock

Down by -70.53% last year

Salary

Up by 0.00% last year

Bonus

Down by -100.00% last year

Other

Down by -100.00% last year

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.

SEC Filing

From March 9, 2023