Form 4: PPG Executive Acquires Phantom Stock Units

Juliane M. Hefel, PPG's Sr. VP, Industrial Coatings & Special Products, acquired 1.0372 phantom stock units under a pre-arranged plan.

Summary

• Juliane M. Hefel, Senior Vice President of Industrial Coatings & Special Products at PPG Industries, Inc., acquired 1.0372 phantom stock units.
• The transaction occurred on December 12, 2025, as part of a pre-arranged Rule 10b5-1(c) plan.
• Each phantom stock unit converts to one share of PPG common stock upon termination of employment.
• The reported price of the derivative security was $103.54 per unit.
• Following this acquisition, Ms. Hefel beneficially owns a total of 196.9197 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.
• Phantom stock units represent interests in an unfunded unitized company stock fund, with the number of attributed shares subject to change based on PPG's common stock fair market value and the amount of cash in the fund.

Sentiment

Score: 5

Explanation: This is a routine insider transaction (acquisition of phantom stock units) under a pre-arranged plan, which is generally neutral in sentiment. It reflects ongoing executive compensation arrangements rather than a discretionary investment decision.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Juliane M. Hefel, a Senior Vice President of PPG Industries, Inc., acquired phantom stock units from the company's Deferred Compensation Plan, which constitutes an insider transaction.

Stakeholder Impact

• Minimal direct impact on shareholders as this is a routine, small-scale executive compensation transaction.
• Employees participating in similar deferred compensation plans may view this as a standard operation of such plans.

Key Dates

Keywords

PPG Industries, PPG, Juliane M. Hefel, Insider Transaction, Form 4, Phantom Stock Units, Deferred Compensation, Executive Compensation, Stock Acquisition