Form 4: PPG Director Melanie Healey Boosts Phantom Stock Holdings

PPG Industries Director Melanie Healey reported the acquisition of 43.1024 phantom stock units, increasing her total beneficial ownership to 4,062.2161 units.

Summary

• Melanie Healey, a Director of PPG Industries, Inc. (PPG), acquired 43.1024 phantom stock units.
• The transaction occurred on December 12, 2025, at a price of $103.54 per phantom stock unit.
• Following this acquisition, Melanie Healey beneficially owns a total of 4,062.2161 phantom stock units.
• 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 after the termination of service as a Director.
• The number of shares attributed to the reporting person may change based on the fair market value of PPG's common stock and the cash in the fund.

Sentiment

Score: 5

Explanation: The filing reports a routine compensation-related insider transaction, which is neutral in sentiment. It reflects standard corporate governance practices for director remuneration.

Positives

• The acquisition of phantom stock units by a director aligns management's interests with those of shareholders, as the value of these units is tied to the company's common stock performance.

Risks

• The value of the phantom stock units is subject to market fluctuations of PPG Industries, Inc. common stock, meaning the ultimate value realized by the director could be lower than the current market price.
• The number of shares attributed to the reporting person may change without their volition depending on the fair market value of the issuer's common stock and the amount of cash in the fund.

Future Outlook

The acquired phantom stock units will convert to common stock on a one-for-one basis after Melanie Healey's termination of service as a Director of PPG Industries, Inc.

Industry Context

This is a routine insider transaction related to director compensation, common across publicly traded companies, and does not directly reflect broader industry trends or competitive positioning.

Corporate Governance

Related Party Transactions

• The transaction involves the acquisition of phantom stock units by a director (Melanie Healey) from the company (PPG Industries, Inc.) as part of a deferred compensation plan, which is a common form of related party transaction in corporate governance.

Stakeholder Impact

• Shareholders: The transaction indicates continued alignment of a director's financial interests with the company's performance, as the value of phantom stock units is tied to the common stock price.
• Employees: No direct impact on employees is indicated by this filing.

Next Steps

• Conversion of phantom stock units to common stock upon Melanie Healey's termination of service as a Director.

Key Dates

Keywords

PPG Industries, Melanie Healey, Form 4, Insider Transaction, Phantom Stock Units, Director Compensation, Deferred Compensation Plan, Equity Compensation