Form 4: PPG Industries Executive Acquires Phantom Stock Units

Robert L. Massy, Sr. VP and Chief HR Officer of PPG Industries, reports acquisition of phantom stock units convertible to common stock.

Summary

• Robert L. Massy, a Senior VP and Chief HR Officer at PPG Industries, filed a Form 4.
• The form reports a transaction involving phantom stock units.
• On May 15, 2025, Massy acquired phantom stock units that convert to common stock on a one-for-one basis.
• The price of the derivative security was $113.06.
• Following the reported transaction, Massy beneficially owns 43.8397 phantom stock units.
• These units are held directly and represent interests in an unfunded unitized company stock fund.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing an executive's acquisition of phantom stock units. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track potential alignment of interests between management and shareholders.

Stakeholder Impact

• The acquisition of phantom stock units by a key executive may signal confidence in the company's future performance to shareholders.

Key Dates

Keywords

Form 4, PPG Industries, Phantom Stock Units, Robert L. Massy, Beneficial Ownership, Executive Compensation