Form 4: PPG Industries Director Reports Phantom Stock Units

Michael W. Lamach, a Director at PPG Industries, reports a transaction involving phantom stock units under a deferred compensation plan.

Summary

• Michael W. Lamach, a Director at PPG Industries, Inc., has reported a transaction related to phantom stock units.
• The transaction occurred on June 12, 2026, and involved the acquisition of phantom stock units.
• These phantom stock units convert to common stock on a one-for-one basis.
• The reported amount is 81.2935 phantom stock units, valued at $119.34 per unit, with a total value of $16,027.7575.
• This reflects the total number of phantom stock units held by Mr. Lamach in the PPG Industries, Inc. Deferred Compensation Plan for Directors.
• The number of shares attributed to Mr. Lamach may 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 does not indicate significant positive or negative developments for the company.

Positives

• Director Michael W. Lamach continues to hold a significant number of phantom stock units, indicating ongoing commitment and investment in the company's future.
• The value of the phantom stock units is tied to PPG's common stock performance, suggesting a direct alignment of director compensation with shareholder value.

Negatives

• The filing does not disclose any negative financial performance or operational issues.

Risks

• The value of the phantom stock units is subject to market fluctuations in PPG's common stock price.
• Changes in the fair market value of the issuer's common stock and the amount of cash in the fund can impact the number of shares attributed to the reporting person without their direct volition.

Future Outlook

The future outlook for the phantom stock units is directly tied to the performance of PPG Industries' common stock. The number of units held can fluctuate based on market value and fund cash balances.

Industry Context

StockSavvy.ai notes that the reporting of phantom stock units by directors is a common practice in the chemicals industry, aligning executive and director compensation with shareholder interests and company performance.

Comparison to Industry Standards

• PPG Industries' use of phantom stock units for director compensation is consistent with industry standards across major chemical companies.
• Many peer companies, such as Dow Inc. and Sherwin-Williams, also utilize equity-based compensation plans, including stock options and restricted stock units, to incentivize long-term performance and align leadership with shareholder value.

Related Party Transactions

• The transaction involves phantom stock units held by Director Michael W. Lamach under the PPG Industries, Inc. Deferred Compensation Plan for Directors, which is a related party transaction.

Stakeholder Impact

• Shareholders: The alignment of director compensation with stock performance can be viewed positively, as it incentivizes management to act in the best interest of shareholders.
• Directors: The filing details the director's compensation structure, providing transparency.
• Employees: While not directly impacted, the compensation structure for directors can indirectly influence company strategy and resource allocation.

Next Steps

• Continued monitoring of PPG Industries' stock performance to assess the value of Mr. Lamach's phantom stock units.
• Future Form 4 filings will indicate any further transactions or changes in beneficial ownership by Mr. Lamach.

Key Dates

Keywords

PPG Industries, Form 4, Michael W. Lamach, Phantom Stock Units, Director, Deferred Compensation Plan, Beneficial Ownership, SEC Filing