Form 4: PPG Industries Executive Reports Phantom Stock Acquisition

Senior Vice President Juliane M. Hefel acquired 1.8078 phantom stock units under the company's deferred compensation plan.

Summary

• Juliane M. Hefel, Senior Vice President of Industrial Coatings & Specialty Products at PPG Industries, acquired 1.8078 phantom stock units.
• The transaction occurred on April 15, 2026, at a price of $107.72 per unit.
• These units are held within the PPG Industries, Inc. Deferred Compensation Plan.
• The total holdings of phantom stock units for the reporting person now stand at 1,392.4407.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it reflects standard participation in an existing executive compensation program.

Positives

• Continued alignment of executive interests with company performance through deferred compensation participation.

Risks

• The value of phantom stock units is subject to fluctuations in the fair market value of the issuer's common stock.
• The plan is an unfunded unitized company stock fund, meaning it is subject to the credit risk of the company.

Future Outlook

The phantom stock units will convert to common stock on a one-for-one basis following the termination of the reporting person's employment with PPG.

Industry Context

StockSavvy.ai notes that this filing represents routine administrative activity related to executive compensation plans rather than a discretionary open-market purchase or sale.

Comparison to Industry Standards

• The use of deferred compensation plans involving phantom stock is a standard practice among large-cap industrial companies to retain executive talent and align long-term incentives.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine internal compensation adjustment.

Next Steps

• The reporting person will continue to hold these units until termination of employment.

Key Dates

Keywords

PPG Industries, Form 4, Insider Trading, Deferred Compensation, Phantom Stock