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

PPG Industries Director Kathy Lynn Fortmann acquired 20.4048 phantom stock units as part of her deferred compensation plan, increasing her total holdings to 2,173.9791 units.

Summary

• Kathy Lynn Fortmann, a Director of PPG Industries, Inc. (PPG), acquired 20.4048 phantom stock units on June 12, 2025.
• The acquisition was made at a price of $112.03 per phantom stock unit.
• Following this transaction, Ms. Fortmann beneficially owns a total of 2,173.9791 phantom stock units.
• These phantom stock units are part of the PPG Industries, Inc. Deferred Compensation Plan for Directors.
• The units convert to common stock on a one-for-one basis upon the termination of service as a Director.
• Phantom stock units represent interests in an unfunded unitized company stock fund, with the number of shares attributed to the participant potentially changing based on the fair market value of PPG's common stock and the amount of cash in the fund.

Sentiment

Score: 5

Explanation: Neutral. This is a routine compensation filing for a director, indicating no significant positive or negative operational or financial news.

Positives

• The acquisition of phantom stock units is a routine part of director compensation, indicating continued participation in the company's long-term incentive plans.

Risks

• The value of the phantom stock units held by the reporting person may fluctuate based on the fair market value of PPG Industries, Inc.'s common stock and the amount of cash in the underlying fund, introducing market risk to the compensation.

Future Outlook

The phantom stock units held by the director will convert to common stock on a one-for-one basis after the termination of her service as a Director of PPG Industries, Inc.

Industry Context

This filing details a routine insider transaction related to director compensation, which is a standard practice across publicly traded companies to align director interests with shareholder value. It does not provide broader industry trends or competitive insights.

Related Party Transactions

• The acquisition of phantom stock units by a director as part of a deferred compensation plan is a standard related party transaction for executive and director remuneration.

Stakeholder Impact

• Shareholders: Minimal direct impact, as this is a routine compensation event for a director and does not reflect new strategic or operational developments.
• Employees, Customers, Suppliers, Creditors: No direct impact indicated by this specific filing.

Next Steps

• Conversion of phantom stock units to common stock upon termination of service as a Director of PPG Industries, Inc.

Key Dates

Keywords

PPG Industries, PPG, Form 4, SEC filing, insider transaction, director compensation, phantom stock units, deferred compensation, equity compensation