Form 4: PPG Executive Boosts Phantom Stock Holdings

PPG Industries Senior VP Amy Ericson reported the acquisition of 0.4695 phantom stock units, increasing her total holdings to 103.3546 units.

Summary

• Amy R. Ericson, Senior VP, P&M Coatings at PPG Industries, Inc., reported a change in beneficial ownership.
• She acquired 0.4695 phantom stock units on September 12, 2025.
• Each phantom stock unit converts to one share of PPG common stock.
• The reported price of the derivative security was $110.72.
• Following this transaction, her total beneficial ownership of phantom stock units is 103.3546.
• These units are part of the PPG Industries, Inc. Deferred Compensation Plan and represent interests in an unfunded unitized company stock fund.
• The number of units can fluctuate based on the fair market value of PPG common stock and the cash in the fund.
• The units become exercisable after termination of employment with PPG.

Sentiment

Score: 6

Explanation: The filing reports a routine acquisition of phantom stock units by a senior executive, indicating continued participation in the company's deferred compensation plan and aligning executive interests with shareholders.

Positives

• Senior VP Amy R. Ericson increased her beneficial ownership of phantom stock units, aligning her interests further with shareholders.

Risks

• The value of phantom stock units can fluctuate based on the fair market value of PPG's common stock and the amount of cash in the fund.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The acquisition of phantom stock units is part of the PPG Industries, Inc. Deferred Compensation Plan for executives.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholders through additional equity-linked compensation.
• Employees: No direct impact on general employees, but reflects executive compensation practices.

Key Dates

Recommendation

This Form 4 filing details a routine acquisition of phantom stock units by a senior executive as part of a deferred compensation plan. Such transactions are standard disclosures and do not typically provide new information warranting a change in investment recommendation. The increased insider holding, while minor, generally indicates continued alignment of executive interests with shareholders, supporting a 'hold' stance for existing investors.

Keywords

PPG, phantom stock units, executive compensation, insider transaction, SEC Form 4, beneficial ownership, deferred compensation