Form 4: PPG Director Fortmann Adds Phantom Stock Units

PPG Industries Director Kathy Lynn Fortmann acquired 31.4774 phantom stock units as part of her deferred compensation plan.

Summary

• Kathy Lynn Fortmann, a Director of PPG Industries Inc. (PPG), acquired 31.4774 phantom stock units.
• The transaction occurred on December 12, 2025.
• These phantom stock units are part of the PPG Industries, Inc. Deferred Compensation Plan for Directors.
• Each phantom stock unit converts to common stock on a one-for-one basis.
• The units become exercisable after the termination of service as a Director.
• Following this transaction, Ms. Fortmann beneficially owns a total of 2,849.091 phantom stock units.
• The value of the underlying common stock at the time of acquisition was $103.54 per unit.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. This is a routine compensation event for a director, indicating continued involvement and alignment of interests, but it does not signal a significant change in company prospects or a strong insider buying signal.

Positives

• The acquisition of phantom stock units indicates continued participation and alignment of a director's interests with the company's long-term performance through a deferred compensation plan.

Future Outlook

The filing does not contain specific forward-looking statements or guidance beyond the exercisability of the phantom stock units after termination of service.

Industry Context

This filing is a routine disclosure of director compensation and does not provide specific insights into broader industry trends or competitive landscape for PPG Industries.

Related Party Transactions

• The acquisition of phantom stock units is part of the PPG Industries, Inc. Deferred Compensation Plan for Directors, which constitutes a compensation arrangement between the company and a director (a related party).

Stakeholder Impact

• Shareholders: The transaction represents a routine compensation component for a director, aligning their interests with long-term shareholder value through equity-based incentives.
• Employees: No direct impact on employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Next Steps

• The phantom stock units will convert to common stock on a one-for-one basis after the director's termination of service.

Key Dates

Recommendation

This Form 4 filing reports a routine acquisition of phantom stock units by a director as part of a deferred compensation plan. It is not an open market purchase and does not provide new material information about the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. It simply reflects standard director compensation practices, which is generally a neutral event for stock price movement.

Keywords

PPG Industries, Kathy Lynn Fortmann, Director, Phantom Stock Units, Deferred Compensation, Insider Transaction, Beneficial Ownership, SEC Form 4