Form 4: PPG Director Ligocki Boosts Phantom Stock Holdings

PPG Industries Director Kathleen Ligocki acquired 64.3567 phantom stock units, increasing her total beneficial ownership to 6,891.2789 units.

Summary

• Kathleen Ligocki, a Director of PPG Industries Inc. (PPG), acquired 64.3567 phantom stock units.
• The transaction occurred on December 12, 2025.
• Following this acquisition, Ligocki beneficially owns a total of 6,891.2789 phantom stock units.
• Each phantom stock unit converts to one share of common stock on a one-for-one basis.
• The units are part of the PPG Industries, Inc. Deferred Compensation Plan for Directors.
• The number of shares attributed to a participant may change based on the fair market value of PPG common stock and the amount of cash in the fund.

Sentiment

Score: 6

Explanation: Slightly positive, as a director increasing their stake (even through a compensation plan) can be interpreted as a sign of confidence in the company's future.

Positives

• A director increasing their beneficial ownership, even through a deferred compensation plan, can signal confidence in the company's future performance.

Negatives

• No direct negatives are apparent from this routine insider transaction filing.

Risks

• No specific risks related to the company's operations or financial health are disclosed in this Form 4.

Future Outlook

Phantom stock units convert to common stock on a one-for-one basis after termination of service as a Director of PPG Industries, Inc.

Management Comments

• No direct management comments or quotes are provided in this Form 4 filing.

Industry Context

Insider transactions, such as the acquisition of phantom stock units by a director, are common mechanisms for executive and director compensation. While this specific transaction is routine, it generally reflects a director's continued participation in the company's long-term incentive plans, aligning their interests with shareholders.

Comparison to Industry Standards

• Not applicable. This Form 4 reports a routine insider transaction related to a director's deferred compensation plan, which is a standard practice across publicly traded companies. It does not provide performance metrics for comparison.

Stakeholder Impact

• Shareholders: Potentially positive, as increased director ownership aligns interests with long-term shareholder value.

Next Steps

• Conversion of phantom stock units to common stock upon termination of service as a Director.

Key Dates

Keywords

PPG Industries, Kathleen Ligocki, Form 4, Insider Transaction, Phantom Stock Units, Director Compensation, Beneficial Ownership, PPG