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PPG (NYSE: PPG) HR chief adds to phantom stock stake

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

PPG Industries Inc. executive Robert L. Massy, Sr. VP and Chief HR Officer, reported an acquisition of 0.1471 Phantom Stock Units linked to PPG common stock. These units were valued at $114.11 per unit for reporting purposes and convert into common stock on a one-for-one basis after termination of his employment with PPG.

Following this award, Massy holds a total of 173.2554 Phantom Stock Units within the PPG Industries, Inc. Deferred Compensation Plan. The units represent interests in an unfunded unitized company stock fund consisting of stock and cash, and the number of units attributed to him may change over time based on the fair market value of PPG common stock and the cash level in the fund.

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Insider Massy Robert L.
Role Sr. VP and Chief HR Officer
Type Security Shares Price Value
Grant/Award Phantom Stock Units F1, F2, F3 0.1471 $114.11 $16.79
Holdings After Transaction: Phantom Stock Units — 173.2554 shares (Direct)
Footnotes (3)
  1. F1. The security converts to common stock on a one-for-one basis.
  2. F2. After termination of employment with PPG.
  3. F3. Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan. Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. 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.
Phantom Stock Units acquired 0.1471 units Grant/award acquisition on 2026-08-14
Reporting value per Phantom Stock Unit $114.1100 Per-unit value used for the 2026-08-14 transaction
Total Phantom Stock Units after transaction 173.2554 units Total phantom stock units held in the Deferred Compensation Plan following the award
Underlying common stock linkage 1:1 Each Phantom Stock Unit converts to one share of PPG common stock after termination of employment
Phantom Stock Units financial
"Total of all phantom stock units held by the reporting person"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Deferred Compensation Plan financial
"held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
unfunded unitized company stock fund financial
"represent interests in an unfunded unitized company stock fund comprised of stock and cash"

FAQ

What did PPG (PPG) executive Robert L. Massy report in this Form 4 filing?
Robert L. Massy reported acquiring 0.1471 Phantom Stock Units tied to PPG common stock. These units are part of the PPG Industries, Inc. Deferred Compensation Plan and increase his total phantom stock unit holdings to 173.2554 units after the reported transaction.

At what value were the newly acquired Phantom Stock Units for PPG (PPG) reported?
The newly acquired Phantom Stock Units were reported at $114.11 per unit. This price is used for reporting purposes in the Form 4 and reflects the per-unit value assigned to the Phantom Stock Units on the transaction date of August 14, 2026.

How many total Phantom Stock Units does Robert L. Massy now hold in PPG (PPG)?
After the transaction, Robert L. Massy holds 173.2554 Phantom Stock Units. These units are maintained in the PPG Industries, Inc. Deferred Compensation Plan and represent an interest in an unfunded unitized company stock fund comprised of PPG stock and cash components.

When do the Phantom Stock Units reported by PPG (PPG) convert into common stock?
The Phantom Stock Units convert into PPG common stock on a one-for-one basis after termination of Massy’s employment with PPG. Conversion timing is therefore tied directly to the end of his employment rather than a fixed calendar date or vesting schedule.

What does it mean that PPG (PPG) Phantom Stock Units are part of an unfunded unitized company stock fund?
The Phantom Stock Units represent interests in an unfunded unitized company stock fund made up of PPG stock and cash. The number of units attributed to the participant can change over time based on PPG’s stock price and the amount of cash held in the fund.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Massy Robert L.
(Last)(First)(Middle)
PPG INDUSTRIES, INC.
ONE PPG PLACE
(Street)
PITTSBURGH PENNSYLVANIA 15272
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
PPG INDUSTRIES INC [ PPG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Sr. VP and Chief HR Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units(1)08/14/2026A0.1471 (2) (2)Common Stock0.1471$114.11173.2554(3)D
Explanation of Responses:
1. The security converts to common stock on a one-for-one basis.
2. After termination of employment with PPG.
3. Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan. Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. 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.
Remarks:
/s/ Greg E. Gordon, Attorney-in-Fact for Robert L. Massy08/17/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR