Form 4: PPG Industries CEO Acquires Additional Phantom Stock Units in Deferred Compensation Plan

Timothy M. Knavish, Chairman and CEO of PPG Industries, acquired 34.2915 phantom stock units on May 30, 2025, as part of the company's Deferred Compensation Plan.

Summary

• Timothy M. Knavish, the Chairman and CEO of PPG Industries, Inc. (PPG), acquired 34.2915 phantom stock units.
• The transaction took place on May 30, 2025.
• These phantom stock units convert to PPG common stock on a one-for-one basis.
• The units are held within the PPG Industries, Inc. Deferred Compensation Plan.
• Following this acquisition, Mr. Knavish beneficially owns a total of 11,625.8757 phantom stock units.
• The reported price of the derivative security (phantom stock unit) at the time of acquisition was $110.8.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock units by the CEO, while part of a compensation plan, can be viewed as a positive signal of alignment with shareholder interests and confidence in the company's long-term prospects.

Positives

• The acquisition of additional phantom stock units by the Chairman and CEO, Timothy M. Knavish, aligns management's long-term interests with shareholder value.
• Participation in the deferred compensation plan demonstrates a commitment to the company's future performance by a key executive.

Risks

• The value of the phantom stock units is subject to fluctuations based on the fair market value of PPG Industries' common stock and the amount of cash in the fund, introducing market-based valuation risk.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• Timothy M. Knavish, Chairman and CEO, acquired additional phantom stock units as part of his participation in the company's deferred compensation plan, aligning his interests with the long-term performance of PPG Industries.

Industry Context

This filing reports a routine insider transaction related to executive compensation and does not provide information on broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: The transaction indicates continued alignment of the CEO's financial interests with the company's stock performance, potentially fostering confidence.

Next Steps

• The phantom stock units held by the reporting person are expected to convert to common stock upon termination of employment with PPG.

Key Dates

Recommendation

Keywords

PPG Industries, PPG, Form 4, Insider Transaction, Phantom Stock Units, Deferred Compensation, Executive Compensation, Timothy Knavish, CEO, Director, Stock Acquisition