PPG director Ligocki gets 1,684 restricted stock units
PPG Industries director Kathleen Ligocki reported routine equity compensation and deferral transactions.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
PPG Industries director Kathleen Ligocki reported routine equity compensation and deferral transactions. She received a grant of 1,684 restricted stock units, each representing a contingent right to one share of PPG common stock that vests on April 14, 2027.
On April 15, 2026, 1,849 previously granted restricted stock units vested, and she deferred the related common shares into phantom stock units under the PPG Industries, Inc. Deferred Compensation Plan for Directors. Following this conversion, she held a total of 8,802.5576 phantom stock units in the plan. These are compensation and deferral events, not open-market purchases or sales.
Insider Trade Summary
3,698 shares exercised/converted
Exercise
3 txns
Insider
LIGOCKI KATHLEEN
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,684 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,849 | $0.00 | $0.00 |
| Exercise | Phantom Stock Units | 1,849 | $107.72 | $199K |
Holdings After Transaction:
Phantom Stock Units — 8,802.5576 contracts (Direct);
Restricted Stock Units — 1,684 contracts (Direct)
Footnotes (6)
- F1. Upon the vesting of restricted stock units on April 15, 2026, which were granted to the reporting person on April 17, 2025, the reporting person deferred the receipt of 1,849 shares of common stock and received instead shares of phantom stock pursuant to the PPG Industries, Inc. Deferred Compensation Plan for Directors. As a result, the reporting person is reporting the conversion of restricted stock units relating to 1,849 shares of common stock in exchange for shares in phantom stock.
- F2. The security converts to common stock on a one-for-one basis.
- F3. After termination of service as a Director of PPG Industries, Inc.
- F4. Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors. 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 common stock and the amount of cash in the fund.
- F5. Each restricted stock unit represents a contingent right to receive one share of PPG common stock.
- F6. The restricted stock units vest on April 14, 2027.
Key Figures
RSU grant: 1,684 restricted stock units
RSU vesting and conversion: 1,849 restricted stock units
Phantom stock value reference price: $107.72 per unit
+2 more
5 metrics
RSU grant
1,684 restricted stock units
New director equity award; each unit equals one PPG common share
RSU vesting and conversion
1,849 restricted stock units
Vested on April 15, 2026 and converted into phantom stock units
Phantom stock value reference price
$107.72 per unit
Price used for 1,849 phantom stock units attributed in the conversion
Total phantom stock units
8,802.5576 units
Total phantom stock units held after transactions in the deferred plan
Derivative exercises
3 derivative transactions
Two exercises/conversions and one new RSU grant reported on Form 4
Key Terms
Restricted Stock Units, Phantom stock units, Deferred Compensation Plan for Directors, unfunded unitized company stock fund, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of PPG common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Phantom stock units financial
"Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash."
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 for Directors financial
"received instead shares of phantom stock pursuant to the PPG Industries, Inc. Deferred Compensation Plan for Directors."
A deferred compensation plan for directors is an arrangement that lets board members postpone receiving part of their pay until a later date—often retirement or a set future time—so the money can grow or be paid under specified conditions. Think of it like directing a portion of your paycheck into a locked savings account that pays out later; investors care because it creates future cash or stock obligations, signals how the company motivates and retains leadership, and can affect shareholder value through timing of payouts or potential dilution.
unfunded unitized company stock fund financial
"Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash."
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of PPG common stock."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PPG (PPG) director Kathleen Ligocki report in this Form 4 filing?
She reported routine equity compensation and deferral activity. Ligocki received 1,684 new restricted stock units and converted 1,849 vested units into phantom stock under PPG’s Deferred Compensation Plan for Directors, with no open-market buying or selling involved.
How many restricted stock units did PPG (PPG) grant to director Kathleen Ligocki?
She was granted 1,684 restricted stock units. Each unit represents a contingent right to receive one share of PPG common stock, subject to vesting conditions, providing equity-based compensation aligned with shareholder interests over the vesting period.
When do Kathleen Ligocki’s newly granted PPG (PPG) restricted stock units vest?
The newly granted restricted stock units vest on April 14, 2027. Vesting means she becomes entitled to receive one share of PPG common stock for each unit, assuming she continues to meet the applicable service or other plan conditions.
What happened to the 1,849 previously granted restricted stock units in PPG (PPG)’s filing?
Upon vesting on April 15, 2026, Ligocki deferred receipt of 1,849 common shares and instead received phantom stock units. This conversion occurred under PPG’s Deferred Compensation Plan for Directors and reflects a change in form of compensation, not a market transaction.
What are phantom stock units in the context of PPG (PPG)’s director compensation?
Phantom stock units represent interests in an unfunded unitized company stock fund of PPG common stock and cash. Their attributed share count can change with stock price and cash levels, and they convert to common stock after the director’s service ends, per plan terms.
How many phantom stock units does Kathleen Ligocki hold after these PPG (PPG) transactions?
After the reported activity, Ligocki holds a total of 8,802.5576 phantom stock units in PPG’s Deferred Compensation Plan for Directors. This total reflects her accumulated deferred equity interests tracked in a company stock fund rather than directly held common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates