Form 4: PPG Industries Senior VP Acquires Additional Phantom Stock Units

Amy R. Ericson, Senior Vice President of P&M Coatings at PPG Industries Inc., has acquired 14.1517 phantom stock units, increasing her total beneficial ownership in the company's deferred compensation plan.

Summary

• Amy R. Ericson, the Senior Vice President of P&M Coatings at PPG Industries Inc. (PPG), acquired 14.1517 phantom stock units on May 30, 2025.
• These phantom stock units convert to PPG common stock on a one-for-one basis after the termination of employment with PPG.
• The transaction price for these units was $110.8 per unit.
• Following this acquisition, Ms. Ericson's total beneficial ownership of phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan is 17.6663 units.
• Phantom stock units represent interests in an unfunded unitized company stock fund comprising stock and cash.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as it indicates an executive increasing their stake in the company, which can be interpreted as a sign of confidence, although it's a routine compensation-related transaction rather than an open market purchase.

Positives

• The acquisition of additional phantom stock units by a senior executive can signal continued confidence in the company's future performance and long-term strategy.
• Increased alignment of executive compensation with shareholder interests through equity-linked incentives.

Risks

• The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person, depending on the fair market value of the issuer's common stock and the amount of cash in the fund, introducing variability in the value of the holding.

Future Outlook

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

Industry Context

This Form 4 filing details a routine insider transaction, which is common practice for executives participating in company deferred compensation or equity incentive plans. It does not provide broader industry trends or competitive insights.

Related Party Transactions

• The transaction involves an executive (Amy R. Ericson) and the company (PPG Industries Inc.) through its deferred compensation plan, which is a common form of related-party dealing in executive compensation.

Stakeholder Impact

• Shareholders: Increased insider ownership, potentially signaling management's alignment with shareholder interests.
• Employees: Reflects standard executive compensation practices within the company.

Next Steps

• Conversion of phantom stock units to common stock upon termination of employment with PPG.

Key Dates

Keywords

PPG Industries, PPG, Form 4, Insider Transaction, Phantom Stock Units, Deferred Compensation, Executive Compensation, SEC Filing, Amy R. Ericson