Form 4: PPG Industries Director Reports Phantom Stock Unit Transaction

Melanie Healey, a Director at PPG Industries, reported a transaction involving phantom stock units, converting them into common stock.

Summary

• Melanie Healey, a Director at PPG Industries, Inc., reported a transaction on June 12, 2026, involving phantom stock units.
• The transaction code indicates an acquisition (A) of phantom stock units.
• The number of phantom stock units involved is 37.2202.
• These phantom stock units convert to common stock on a one-for-one basis.
• The reporting person holds a total of 5,990.4983 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan for Directors.
• These units represent interests in an unfunded unitized company stock fund.
• The number of shares attributed to the reporting person can fluctuate based on the fair market value of PPG's common stock and the fund's cash balance.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine disclosure of director compensation and ownership adjustments rather than a significant strategic or financial event.

Positives

• Director Healey's continued participation in the company's deferred compensation plan, as indicated by the phantom stock units, suggests ongoing commitment.
• The conversion of phantom stock units to common stock can be seen as a positive alignment of director interests with shareholders.

Negatives

• The filing does not contain information that would be considered negative.

Risks

• The value of phantom stock units is subject to the fluctuations in the fair market value of PPG Industries' common stock, posing a risk to the reporting person's holdings.
• The unfunded nature of the deferred compensation plan means that the payout is dependent on the company's financial health.

Future Outlook

The filing does not contain forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and reflect typical compensation and ownership structures for corporate directors in the industrials sector.

Stakeholder Impact

• Shareholders: The transaction reflects standard director compensation practices and does not immediately indicate a change in share ownership that would significantly impact the market.

Next Steps

• The reporting person's holdings in the deferred compensation plan will continue to be subject to market fluctuations.

Key Dates

Keywords

PPG Industries, Form 4, Melanie Healey, Director, Phantom Stock Units, Deferred Compensation Plan, Beneficial Ownership, Securities Exchange Act