Form 4: PPG Executive Acquires Phantom Stock Units

Amy R. Ericson, PPG's Sr. VP, P&M Coatings, acquired 14.3437 phantom stock units as part of a deferred compensation plan.

Summary

• Amy R. Ericson, Senior Vice President, P&M Coatings for PPG Industries, Inc., acquired 14.3437 phantom stock units.
• The transaction occurred on September 15, 2025.
• These phantom stock units are convertible to PPG common stock on a one-for-one basis.
• The units are held within the PPG Industries, Inc. Deferred Compensation Plan.
• Following this acquisition, Ericson's total beneficial ownership of phantom stock units increased to 117.6983.
• Phantom stock units represent interests in an unfunded unitized company stock fund, comprising both stock and cash.
• The number of shares attributed to the reporting person can change without their volition, depending on the fair market value of PPG's common stock and the amount of cash in the fund.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine disclosure of an insider compensation transaction with no immediate material impact on company operations or financial performance.

Positives

• Increased alignment of executive compensation with shareholder interests through the acquisition of equity-linked phantom stock units.
• The transaction is part of a structured deferred compensation plan, indicating a clear incentive framework for executives.

Negatives

• No explicit negatives are present in this routine insider transaction filing.

Risks

• The value of the phantom stock units is directly tied to the fair market value of PPG's common stock, exposing the holder to market price fluctuations.
• The number of shares attributed to the reporting person may change without their direct control, influenced by market value and the cash component of the fund.

Future Outlook

The filing does not provide specific forward-looking statements or guidance beyond the nature of the phantom stock units converting to common stock after termination of employment.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction related to executive compensation and does not provide information relevant to broader industry trends or competitive analysis.

Comparison to Industry Standards

• Not applicable, as this filing details a specific executive compensation transaction rather than operational or financial performance that can be benchmarked against industry peers.

Related Party Transactions

• The transaction involves the acquisition of phantom stock units by a Senior Vice President as part of the company's deferred compensation plan, which is a standard form of executive compensation and an internal related-party dealing.

Stakeholder Impact

• Shareholders: Increased alignment of executive incentives with shareholder interests through equity-based compensation.
• Employees: The deferred compensation plan provides a mechanism for executive retention and long-term incentive.

Next Steps

• The phantom stock units will convert to common stock after Amy R. Ericson's termination of employment with PPG.

Key Dates

Keywords

PPG Industries, PPG, Form 4, Insider Transaction, Phantom Stock Units, Deferred Compensation, Executive Compensation, Amy R. Ericson, Securities Filing