Form 4: PPG Industries Director Melanie Healey Increases Beneficial Ownership Through Phantom Stock Unit Acquisition

Melanie Healey, a Director at PPG Industries Inc., acquired 15.7726 phantom stock units on June 12, 2025, increasing her total beneficial ownership in the company's deferred compensation plan.

Summary

• Melanie Healey, a Director of PPG Industries Inc. (PPG), reported a change in her beneficial ownership.
• On June 12, 2025, Ms. Healey acquired 15.7726 Phantom Stock Units.
• The acquisition was valued at $112.03 per phantom stock unit.
• Following this transaction, Ms. Healey's total beneficial ownership in the PPG Industries, Inc. Deferred Compensation Plan for Directors is 3,982.539 Phantom Stock Units.
• These Phantom Stock Units convert to common stock on a one-for-one basis upon termination of service as a Director.
• The units represent interests in an unfunded unitized company stock fund, with the number of shares attributed potentially changing based on the fair market value of PPG's common stock and the cash in the fund.

Sentiment

Score: 7

Explanation: The acquisition of additional phantom stock units by a director, even as part of a compensation plan, generally indicates continued alignment of interests with shareholders and confidence in the company's long-term performance. While not an open market purchase, it increases the director's stake tied to the company's stock value.

Positives

• The acquisition of additional phantom stock units by a director, even as part of a compensation plan, generally signals continued alignment of interests between management and shareholders.
• The structure of phantom stock units ties the director's compensation directly to the performance of PPG's common stock, incentivizing long-term value creation.

Negatives

• The phantom stock units are part of an unfunded plan, meaning they do not represent direct ownership of common stock until conversion.
• The value of the units can fluctuate based on the fair market value of the common stock and the amount of cash in the fund, introducing variability.

Risks

• The value of the phantom stock units is directly subject to the market fluctuations of PPG Industries Inc.'s common stock.
• As part of an unfunded plan, the company's ability to fulfill the obligation upon conversion depends on its future financial health.

Future Outlook

The phantom stock units held by the reporting person are scheduled to convert to common stock on a one-for-one basis after the termination of service as a Director of PPG Industries, Inc.

Industry Context

This filing is a routine disclosure of an insider transaction, common across publicly traded companies, reflecting a director's participation in an equity-based compensation plan. It does not provide broader industry trends or competitive analysis.

Related Party Transactions

• Acquisition of phantom stock units by Melanie Healey, a Director, from PPG Industries, Inc. as part of the company's Deferred Compensation Plan for Directors, which is a standard compensation arrangement between the company and its director.

Stakeholder Impact

• Shareholders: The transaction indicates continued alignment of a director's financial interests with shareholder value, as the phantom stock units' value is tied to the company's stock performance.

Next Steps

• Phantom stock units will convert to common stock upon Melanie Healey's termination of service as a Director of PPG Industries, Inc.

Key Dates

Keywords

PPG Industries, Melanie Healey, SEC Form 4, Insider Transaction, Beneficial Ownership, Phantom Stock Units, Director Compensation, Deferred Compensation Plan, Equity Compensation