Form 4: PPG Executive Boosts Phantom Stock Holdings

PPG Industries Senior VP Amy R. Ericson acquired additional phantom stock units as part of a deferred compensation plan.

Summary

• Amy R. Ericson, Senior VP, P&M Coatings at PPG Industries Inc. (PPG), reported an acquisition of phantom stock units.
• The transaction occurred on November 14, 2025.
• Ericson acquired 16.2343 phantom stock units.
• The phantom stock units convert to common stock on a one-for-one basis after termination of employment with PPG.
• The implied price per unit at the time of transaction was $97.03.
• Following this transaction, Ericson beneficially owns a total of 180.7805 phantom stock units.
• These units are held in the PPG Industries, Inc. Deferred Compensation Plan and represent interests in an unfunded unitized company stock fund.

Sentiment

Score: 6

Explanation: Slightly positive, as an executive increasing their holdings (even if deferred) suggests confidence in the company's future, though the impact is minor given the nature and size of the transaction.

Positives

• The acquisition of additional phantom stock units indicates continued alignment of executive interests with shareholder value, as the units' value is tied to the company's common stock performance.

Negatives

• Phantom stock units are part of an unfunded plan, meaning they are not actual shares until conversion and are subject to the company's general credit risk.

Future Outlook

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

Industry Context

Executive deferred compensation plans, often including phantom stock units, are a common component of executive remuneration packages across various industries, designed to align management incentives with long-term company performance and shareholder interests.

Stakeholder Impact

• Shareholders: The transaction indicates continued alignment of executive incentives with shareholder value, as the value of phantom stock units is tied to the company's stock performance.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

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

Key Dates

Keywords

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