Form 4: PPG Industries Director Chris Roberts III Acquires Additional Phantom Stock Units

PPG Industries Director Chris Roberts III has acquired 4.6395 additional phantom stock units, increasing his total holdings in the company's deferred compensation plan.

Summary

• Chris Roberts III, a Director of PPG Industries Inc. (PPG), acquired 4.6395 phantom stock units on June 12, 2025.
• These phantom stock units convert to common stock on a one-for-one basis.
• The underlying common stock was valued at $112.03 per unit on the transaction date.
• Following this transaction, Mr. Roberts III beneficially owns a total of 2,069.7883 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan for Directors.
• Phantom stock units represent interests in an unfunded unitized company stock fund, and their value can fluctuate with the fair market value of PPG's common stock and the cash in the fund.
• The units are exercisable after termination of service as a Director.

Sentiment

Score: 6

Explanation: The acquisition of phantom stock units by a director, even as part of a compensation plan, generally indicates alignment with shareholder interests and can be viewed as a mildly positive signal of insider confidence, though it's not a direct open-market purchase.

Positives

• The acquisition of additional phantom stock units by a director indicates continued alignment of interests with shareholders.
• The increase in holdings, even through a deferred compensation plan, suggests confidence in the company's long-term performance.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The acquisition of phantom stock units by Chris Roberts III, a Director of PPG Industries, Inc., is considered a related party transaction as it involves an insider's dealings with the company's securities through a deferred compensation plan.

Stakeholder Impact

• Shareholders: The transaction indicates continued alignment of a director's interests with shareholders, as phantom units tie compensation to stock performance.

Next Steps

• The phantom stock units will convert to common stock on a one-for-one basis after Chris Roberts III's termination of service as a Director of PPG Industries, Inc.

Key Dates

Keywords

PPG Industries, PPG, Form 4, SEC Filing, Insider Transaction, Phantom Stock Units, Director Compensation, Chris Roberts III, Deferred Compensation Plan, Equity Acquisition