Form 4: PPG Executive Acquires Phantom Stock Units

Amy R. Ericson, Sr. VP, P&M Coatings at PPG Industries, acquired 15.8949 phantom stock units as part of a deferred compensation plan.

Summary

• Amy R. Ericson, Senior Vice President, P&M Coatings at PPG Industries, Inc. (PPG), acquired 15.8949 phantom stock units.
• The transaction occurred on October 15, 2025, as part of the PPG Industries, Inc. Deferred Compensation Plan.
• Each phantom stock unit was valued at $99.56 at the time of the transaction.
• Following this acquisition, Ms. Ericson beneficially owns a total of 148.51 phantom stock units.
• Phantom stock units convert to common stock on a one-for-one basis after termination of employment with PPG.
• These units represent interests in an unfunded unitized company stock fund comprising stock and cash.

Sentiment

Score: 6

Explanation: Slightly positive, as it represents increased executive alignment with shareholder interests through a routine compensation mechanism, without indicating any negative operational or financial news.

Positives

• The acquisition of phantom stock units increases the executive's alignment with shareholder interests, as the value of these units is tied to the company's common stock performance.
• Participation in the deferred compensation plan indicates a commitment to long-term incentives for key management personnel.

Future Outlook

The acquired phantom stock units will convert to PPG common stock on a one-for-one basis after the reporting person's termination of employment with PPG.

Industry Context

This transaction is a routine insider compensation event and does not directly reflect broader industry trends or competitive positioning. It is specific to PPG's executive compensation structure.

Stakeholder Impact

• Shareholders: Increased alignment of executive incentives with shareholder value creation due to the equity-linked nature of phantom stock units.
• Employees: No direct impact on general employees, but reflects the company's executive compensation strategy.

Next Steps

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

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event involving a relatively small number of phantom stock units. It does not provide new material information that would significantly alter the company's fundamental valuation, strategic outlook, or operational performance. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

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