Form 4: PPG Industries Executive Acquires Phantom Stock Units

PPG Industries Senior Vice President Juliane M. Hefel acquired 1.7692 phantom stock units as part of a deferred compensation plan.

Summary

• Juliane M. Hefel, Senior Vice President of Industrial Coatings & Specialty Products at PPG Industries Inc. (PPG), acquired phantom stock units.
• The transaction occurred on July 31, 2025.
• A total of 1.7692 phantom stock units were acquired.
• Following this acquisition, Juliane M. Hefel beneficially owns 125.2215 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.
• Each phantom stock unit converts to common stock on a one-for-one basis.
• The phantom stock units are exercisable after the termination of employment with PPG.
• Phantom stock units represent interests in an unfunded unitized company stock fund, which comprises both stock and cash.

Sentiment

Score: 5

Explanation: This is a routine insider transaction related to executive compensation and does not indicate a significant positive or negative sentiment regarding the company's operational or financial performance.

Positives

• Demonstrates continued executive participation in the company's equity-linked compensation plan, aligning management interests with shareholder value.

Negatives

• No specific negative implications for the company's operations or financial health are indicated by this routine compensation event.

Future Outlook

The phantom stock units will convert to common stock on a one-for-one basis after the termination of employment with PPG.

Industry Context

This filing is a routine insider transaction related to executive compensation, which is a common practice across all industries to align executive interests with company performance. It does not provide specific insights into broader industry trends.

Comparison to Industry Standards

• Not applicable for this type of routine insider transaction filing, as it does not report operational or financial results that can be benchmarked against industry peers.

Stakeholder Impact

• Minimal direct impact on shareholders, employees, customers, suppliers, or creditors as this is a standard executive compensation event and not indicative of operational or financial changes.

Next Steps

• Phantom stock units will convert to common stock upon termination of employment with PPG.

Key Dates

Recommendation

This Form 4 reports a routine acquisition of phantom stock units by a Senior Vice President as part of a deferred compensation plan. It does not provide new information regarding the company's financial performance, strategic direction, or market outlook that would warrant a change in investment recommendation. It is a standard executive compensation event.

Keywords

PPG Industries, PPG, Insider Transaction, Executive Compensation, Phantom Stock Units, Deferred Compensation, Juliane M. Hefel