Form 4: PPG Executive Boosts Phantom Stock Holdings

PPG Industries Senior VP Amy R. Ericson increased her beneficial ownership of phantom stock units through a deferred compensation plan.

Summary

• Amy R. Ericson, Senior VP, P&M Coatings at PPG Industries Inc. (PPG), reported an acquisition of derivative securities.
• The transaction occurred on November 28, 2025, and involved Phantom Stock Units.
• Ericson acquired 15.5641 Phantom Stock Units.
• The derivative security converts to common stock on a one-for-one basis.
• The price of the derivative security was $100.04.
• Following this transaction, Ericson beneficially owns a total of 196.3446 Phantom Stock Units.
• These units are held in the PPG Industries, Inc. Deferred Compensation Plan.
• Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash.
• The number of shares attributed to a plan participant may change without their volition based on the fair market value of the issuer's common stock and the amount of cash in the fund.
• The units become exercisable after termination of employment with PPG.

Sentiment

Score: 6

Explanation: The acquisition of phantom stock units by an executive is generally a neutral to slightly positive event, indicating continued participation in the company's equity-based compensation plan and alignment with shareholder interests, without implying significant operational or financial news.

Positives

• The acquisition of additional phantom stock units aligns management's financial interests with those of shareholders, as the value of these units is tied to the company's common stock performance.

Negatives

• No direct negatives are apparent from this routine insider transaction filing.

Risks

• Phantom stock units represent interests in an unfunded unitized company stock fund, meaning they are not actual shares and are subject to the company's ability to pay.
• The number of shares attributed to the reporting person may change without their volition, depending on the fair market value of the issuer's common stock and the amount of cash in the fund, introducing variability in value.

Future Outlook

This filing details a past transaction and does not provide specific forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This is a routine insider transaction filing specific to PPG Industries and its executive compensation structure. It does not directly reflect broader industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: The transaction indicates continued alignment of executive compensation with company performance, potentially fostering confidence in management's long-term commitment.

Key Dates

Keywords

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