Form 4: PPG Industries Director Kathleen Ligocki Acquires Additional Phantom Stock Units

PPG Industries Director Kathleen Ligocki has acquired 32.0156 phantom stock units at a price of $112.03 per unit, increasing her total beneficial ownership to 6,773.0289 units.

Summary

• Kathleen Ligocki, a Director of PPG Industries, Inc. (PPG), acquired 32.0156 phantom stock units.
• The transaction occurred on June 12, 2025.
• Each phantom stock unit was acquired at a price of $112.03.
• Following this transaction, Ms. Ligocki beneficially owns a total of 6,773.0289 phantom stock units.
• These phantom stock units convert to common stock on a one-for-one basis.
• The units become exercisable after Ms. Ligocki's termination of service as a Director.
• Phantom stock units represent interests in an unfunded unitized company stock fund, where the number of shares attributed can fluctuate based on the fair market value of PPG common stock and the cash in the fund.

Sentiment

Score: 6

Explanation: The document reports a routine insider transaction (acquisition of phantom stock units) which is generally seen as a neutral to slightly positive signal, indicating continued alignment of director interests with the company. There are no negative surprises or significant new information.

Positives

• The acquisition of additional phantom stock units by a director indicates continued alignment of interests between management and shareholders.
• The increase in beneficial ownership demonstrates the director's ongoing commitment to the company.

Risks

• The value of the phantom stock units is subject to the fair market value of PPG Industries, Inc.'s common stock, meaning their ultimate value can fluctuate.
• 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.

Future Outlook

The document does not contain specific forward-looking statements or guidance beyond the nature of the phantom stock units converting to common stock upon termination of service.

Industry Context

This Form 4 filing reports a routine insider transaction related to director compensation. Such transactions are common across industries as part of executive and director compensation plans, aiming to align their interests with shareholders. It does not provide broader industry trends or competitive analysis.

Comparison to Industry Standards

• This document reports a standard acquisition of phantom stock units as part of a director's compensation plan, which is a common practice in large publicly traded companies across various sectors.
• The specific terms, such as the conversion ratio and vesting conditions (upon termination of service), are typical for such deferred compensation arrangements.
• No specific comparable companies or projects are mentioned in the filing to allow for a direct comparison of results.

Related Party Transactions

• The acquisition of phantom stock units by Kathleen Ligocki, a Director of PPG Industries, Inc., is a related party transaction as it involves an insider's dealings with the company's securities as part of her compensation.

Stakeholder Impact

• Shareholders: The acquisition of phantom stock units by a director aligns her interests with shareholders, potentially signaling confidence in the company's long-term performance.
• Employees: No direct impact on employees is indicated.
• Customers: No direct impact on customers is indicated.
• Suppliers: No direct impact on suppliers is indicated.
• Creditors: No direct impact on creditors is indicated.

Next Steps

• The phantom stock units will convert to common stock upon Kathleen Ligocki's termination of service as a Director of PPG Industries, Inc.

Key Dates

Recommendation

Keywords

PPG Industries, PPG, Kathleen Ligocki, Director, Phantom Stock Units, Insider Transaction, SEC Form 4, Beneficial Ownership, Deferred Compensation Plan