PPG (PPG) director Ligocki receives phantom stock unit grant in board deferred plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PPG Industries Inc. director Kathleen Ligocki reported a compensation-related grant of phantom stock units. On June 12, 2026, she acquired 49.7864 phantom stock units, each tied to PPG common stock at a reference value of $119.34 per unit. These units convert into common stock on a one-for-one basis after her termination of service as a director, under PPG’s Deferred Compensation Plan for Directors. Following this grant, she holds a total of 8,852.3440 phantom stock units in the plan, which represents an interest in an unfunded company stock fund comprised of stock and cash.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LIGOCKI KATHLEEN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 49.786 | $119.34 | $6K |
Holdings After Transaction:
Phantom Stock Units — 8,852.344 shares (Direct, null)
Footnotes (1)
- The security converts to common stock on a one-for-one basis. After termination of service as a Director of PPG Industries, Inc. 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's common stock and the amount of cash in the fund.
Key Figures
Phantom stock units granted: 49.7864 units
Reference price per unit: $119.34 per unit
Total phantom units after grant: 8,852.3440 units
+1 more
4 metrics
Phantom stock units granted
49.7864 units
Grant on June 12, 2026
Reference price per unit
$119.34 per unit
Valuation for June 12, 2026 grant
Total phantom units after grant
8,852.3440 units
Holdings following reported transaction
Conversion ratio
1 unit : 1 share
Phantom stock converts to common stock
Key Terms
Phantom Stock Units, Deferred Compensation Plan for Directors, unfunded unitized company stock fund
3 terms
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 for Directors financial
"held by the reporting person in 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
"represent interests in an unfunded unitized company stock fund comprised of stock and cash"
FAQ
What insider transaction did PPG (PPG) director Kathleen Ligocki report?
Kathleen Ligocki reported receiving a grant of 49.7864 phantom stock units tied to PPG common stock. This award is part of the Deferred Compensation Plan for Directors and reflects non-cash, stock-based compensation rather than an open-market share purchase or sale.
How many phantom stock units does Kathleen Ligocki hold after this PPG Form 4?
After the reported grant, Kathleen Ligocki holds a total of 8,852.3440 phantom stock units. These units represent her interests in PPG’s unfunded unitized company stock fund within the Deferred Compensation Plan for Directors, which is comprised of both company stock and cash.
At what reference price were the new PPG phantom stock units granted to Kathleen Ligocki?
The newly granted 49.7864 phantom stock units were valued at a reference price of $119.34 per unit. This price is used to determine the number of units credited under the plan, not as an open-market purchase or sale price for PPG common shares.
When do Kathleen Ligocki’s PPG phantom stock units convert into common stock?
The phantom stock units convert into PPG common stock on a one-for-one basis after her termination of service as a director. Conversion timing is therefore tied to the end of her board service, consistent with the terms of the Deferred Compensation Plan for Directors.
What does PPG’s Deferred Compensation Plan for Directors involve for phantom stock units?
The plan credits directors with phantom stock units representing interests in an unfunded unitized company stock fund. This fund consists of PPG stock and cash, so the number of units attributed to a director can change with movements in PPG’s share price and the cash balance.
Do changes in PPG’s stock price affect Kathleen Ligocki’s phantom stock units?
Yes. The filing notes that the number of phantom stock units may change without her volition, depending on the fair market value of PPG’s common stock and the amount of cash in the fund. This reflects the plan’s design as a stock-and-cash-denominated deferred compensation vehicle.