Form 4: PPG Industries Executive Reports Acquisition of Phantom Stock Units in Deferred Compensation Plan

Robert L. Massy, Senior Vice President and Chief HR Officer at PPG Industries Inc., reported the acquisition of 0.1271 phantom stock units on May 30, 2025, as part of the company's deferred compensation plan.

Summary

• Robert L. Massy, Senior Vice President and Chief HR Officer of PPG Industries Inc. (PPG), filed a Form 4 with the SEC.
• The filing reports the acquisition of 0.1271 phantom stock units on May 30, 2025.
• These phantom stock units convert to PPG common stock on a one-for-one basis.
• The reported price of the derivative security (phantom stock unit) was $110.8.
• Following this transaction, Mr. Massy beneficially owns a total of 43.9668 phantom stock units.
• These units are held in the PPG Industries, Inc. Deferred Compensation Plan and represent interests in an unfunded unitized company stock fund comprised of stock and cash.
• The number of shares attributed to the participant may change over time based on the fair market value of PPG common stock and the amount of cash in the fund.
• Conversion of these phantom stock units to common stock occurs after the termination of employment with PPG.

Sentiment

Score: 5

Explanation: The document is a standard Form 4 filing reporting a routine acquisition of phantom stock units by an executive as part of a deferred compensation plan, which is a neutral event in terms of company performance or outlook.

Positives

• Continued participation of a senior executive in the company's deferred compensation plan, which aligns executive interests with long-term shareholder value.

Future Outlook

NA

Industry Context

This Form 4 filing details a routine insider transaction related to executive compensation, which is a standard practice across publicly traded companies to align management incentives with shareholder interests. It does not provide specific insights into broader industry trends for the chemicals or coatings sector.

Related Party Transactions

• The acquisition of phantom stock units by a senior executive through the company's deferred compensation plan is a standard compensation arrangement.

Stakeholder Impact

• Shareholders: Indicates continued executive participation in long-term incentive plans, potentially aligning executive interests with shareholder value.

Key Dates

Keywords

PPG Industries, Form 4, insider transaction, beneficial ownership, phantom stock units, deferred compensation, executive compensation, Robert L. Massy