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PPG Industries (NYSE: PPG) HR chief awarded phantom stock units

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

Rhea-AI Filing Summary

PPG Industries executive Robert L. Massy, Sr. VP and Chief HR Officer, reported a small compensation-related transaction involving phantom stock units. He received an award of 0.0736 phantom stock units tied to PPG common stock, using a reference price of $112.98 per unit.

Following this grant, his total holdings in phantom stock units within the PPG Industries, Inc. Deferred Compensation Plan increased to 171.041 units. These units convert to common stock on a one-for-one basis after termination of employment and represent interests in an unfunded unitized company stock fund whose unit count may change with stock price and cash in the fund.

Positive

  • None.

Negative

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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 0.074 $112.98 $8.32
Holdings After Transaction: Phantom Stock Units — 171.041 shares (Direct, null)
Footnotes (1)
  1. The security converts to common stock on a one-for-one basis. After termination of employment with PPG. 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 units granted 0.0736 units Grant of phantom stock units on 2026-05-29
Reference price per unit $112.98 per unit Pricing basis for new phantom stock units
Total phantom units after grant 171.0410 units Massy’s holdings in Deferred Compensation Plan after transaction
Conversion ratio 1 phantom unit = 1 common share Conversion to PPG common stock after termination of employment
Phantom Stock Units financial
"Phantom stock units represent interests in an unfunded unitized company stock fund"
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
"Total of all phantom stock units 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
"Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash"
one-for-one basis financial
"The security converts to common stock on a one-for-one basis."
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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)
05/29/2026		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)05/29/2026A0.0736 (2) (2)Common Stock0.0736$112.98171.041(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. Massy06/01/2026
** 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

FAQ

What insider transaction did PPG (PPG) report for Robert L. Massy?

PPG reported that Robert L. Massy received 0.0736 phantom stock units as a grant. The units are part of the company’s Deferred Compensation Plan and reference a price of $112.98 per unit, modestly increasing his existing phantom stock position.

How many phantom stock units does Robert L. Massy now hold at PPG (PPG)?

After the latest grant, Robert L. Massy holds a total of 171.041 phantom stock units. These units sit in PPG’s Deferred Compensation Plan and track a unitized fund of PPG common stock and cash, so the attributed share count may fluctuate over time.

How do PPG (PPG) phantom stock units reported by Massy convert to common shares?

The phantom stock units convert into PPG common stock on a one-for-one basis. According to the disclosure, conversion occurs after termination of employment, aligning the value of the deferred units directly with the company’s share price at that future time.

What price was used for Robert L. Massy’s new PPG (PPG) phantom stock units?

The new phantom stock units were valued using a reference price of $112.98 per unit. This price helps determine the number of units credited under the Deferred Compensation Plan but the ultimate value still depends on future movements in PPG’s common stock and fund cash balance.

What is the PPG (PPG) Deferred Compensation Plan mentioned in Massy’s Form 4?

The Deferred Compensation Plan holds phantom stock units in an unfunded, unitized company stock fund. That fund consists of PPG stock and cash, so the number of units attributed to a participant can change as the issuer’s stock price and the fund’s cash level move.