Form 4: PPG Executive Acquires Phantom Stock Units

PPG Industries Senior VP Amy R. Ericson acquired 15.3306 phantom stock units at $102.46 per unit, increasing her total beneficial ownership to 227.8277 units.

Summary

• Amy R. Ericson, Senior VP, P&M Coatings at PPG Industries, Inc. (PPG), acquired 15.3306 phantom stock units.
• The transaction occurred on December 31, 2025, with each unit valued at $102.46.
• Following this acquisition, Ericson beneficially owns a total of 227.8277 phantom stock units.
• These phantom stock units are part of the PPG Industries, Inc. Deferred Compensation Plan and convert to common stock on a one-for-one basis.
• The units represent interests in an unfunded unitized company stock fund, with the number of shares attributed potentially changing 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 insider transaction related to deferred compensation, which is generally neutral in sentiment. It reflects standard executive compensation practices rather than a significant positive or negative event for the company's operational or financial performance.

Positives

• An executive's acquisition of company stock units, even deferred, can signal confidence in the company's future performance and align management interests with shareholders.

Risks

• The value of the phantom stock units is subject to fluctuations based on the fair market value of PPG's common stock and the amount of cash held within the unfunded unitized company stock fund.

Future Outlook

The phantom stock units will convert to common stock on a one-for-one basis after the termination of employment with PPG. The number of shares attributed to the reporting person may change over time based on the fair market value of PPG's common stock and the cash in the fund.

Industry Context

This transaction represents a routine insider filing related to executive compensation, specifically the acquisition of deferred compensation units. Such plans are common across various industries to align executive interests with long-term company performance.

Stakeholder Impact

• Shareholders: The acquisition of phantom stock units by a senior executive can be viewed as a positive signal of management's alignment with shareholder interests, although the immediate impact is minimal due to the deferred nature of the compensation.

Next Steps

• Conversion of phantom stock units to common stock upon termination of employment with PPG.

Key Dates

Keywords

PPG, Form 4, Insider Transaction, Phantom Stock Units, Deferred Compensation, Executive Compensation, Stock Acquisition