PPG Industries (NYSE: PPG) director logs RSU grant and phantom stock deferral
Rhea-AI Filing Summary
PPG Industries director Melanie Healey reported routine equity compensation activity. On April 16, 2026, she received a grant of 1,684 restricted stock units, each representing a contingent right to one PPG common share, scheduled to vest on April 14, 2027.
On April 15, 2026, 1,849 previously granted restricted stock units vested. Instead of taking common shares, she deferred receipt into the PPG Deferred Compensation Plan for Directors and received an equivalent 1,849 phantom stock units at $107.72 per unit. Following this, she held a total of 5,953.2781 phantom stock units in the plan, which are designed to track PPG’s stock value and convert one-for-one into common shares after her service as a director ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,698 shares exercised/converted
Exercise
3 txns
Insider
Healey Melanie
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 — 5,953.2781 shares (Direct);
Restricted Stock Units — 1,684 shares (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 units
RSUs converted: 1,849 units
Phantom stock unit value: $107.72 per unit
+2 more
5 metrics
RSU grant
1,684 units
Restricted stock units granted April 16, 2026, vesting April 14, 2027
RSUs converted
1,849 units
Vested restricted stock units converted into phantom stock units April 15, 2026
Phantom stock unit value
$107.72 per unit
Transaction price per phantom stock unit on April 15, 2026
Total phantom stock units
5,953.2781 units
Total phantom stock units held after April 15, 2026 transaction
Derivative exercises
3 transactions, 3,698 units
Aggregate derivative exercises and conversions reported in this Form 4
Key Terms
Restricted Stock Units, Phantom Stock Units, Deferred Compensation Plan for Directors, contingent right, +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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of PPG common stock."
unfunded unitized company stock fund financial
"Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did PPG (PPG) director Melanie Healey report?
Melanie Healey reported routine equity compensation activity, including a grant of 1,684 restricted stock units and the conversion of 1,849 vested restricted stock units into phantom stock units within PPG’s deferred compensation plan for directors.
How many restricted stock units did Melanie Healey receive from PPG (PPG)?
She received 1,684 restricted stock units. Each unit represents a contingent right to receive one share of PPG common stock, scheduled to vest on April 14, 2027, as part of her director compensation package.
What happened when Melanie Healey’s 1,849 PPG (PPG) restricted stock units vested?
When 1,849 restricted stock units vested on April 15, 2026, Healey chose to defer the shares. Instead of receiving common stock, she obtained 1,849 phantom stock units under PPG’s Deferred Compensation Plan for Directors.
What are PPG (PPG) phantom stock units held by Melanie Healey?
Phantom stock units represent an interest in an unfunded company stock fund of stock and cash. Their value tracks PPG’s common stock, and after Healey’s service as a director ends, they convert one-for-one into PPG common shares.
How many PPG (PPG) phantom stock units does Melanie Healey hold after these transactions?
After these transactions, Healey holds a total of 5,953.2781 phantom stock units in PPG’s Deferred Compensation Plan for Directors, reflecting all phantom units attributed to her within that plan.