PPG Industries (NYSE: PPG) grants phantom stock units to senior VP
Rhea-AI Filing Summary
PPG Industries executive Juliane M. Hefel, Sr. VP, Industrial Coatings & Specialty Products, reported a compensation-related grant of 2.1422 Phantom Stock Units on 2026-07-31 at $110.5200 per unit. The units convert into common stock on a one-for-one basis after employment ends and increased her total phantom holdings to 1412.0899 units within PPG’s Deferred Compensation Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hefel Juliane M.
Role
Sr. VP, Ind Coatings & Sp Prod
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units F1, F2, F3 | 2.1422 | $110.52 | $236.76 |
Holdings After Transaction:
Phantom Stock Units — 1,412.0899 shares (Direct)
Footnotes (3)
- F1. The security converts to common stock on a one-for-one basis.
- F2. After termination of employment with PPG.
- 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.
Key Figures
Phantom Stock Units granted: 2.1422 units
Grant value per unit: $110.5200 per unit
Total Phantom Stock Units after grant: 1412.0899 units
+1 more
4 metrics
Phantom Stock Units granted
2.1422 units
Derivative award to Juliane M. Hefel on 2026-07-31
Grant value per unit
$110.5200 per unit
Reference value for the 2.1422 Phantom Stock Units granted
Total Phantom Stock Units after grant
1412.0899 units
Aggregate phantom holdings in PPG’s Deferred Compensation Plan after the transaction
Conversion ratio to common stock
1-for-1
Each Phantom Stock Unit converts into one share of PPG common stock
Key Terms
Phantom Stock Units, Deferred Compensation Plan, unfunded unitized company stock fund, fair market value
4 terms
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
"Phantom stock units represent interests in an unfunded unitized company stock fund"
fair market value financial
"may change from time to time ... depending on the fair market value of the issuer's common stock"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did PPG (PPG) executive Juliane M. Hefel report?
She reported a grant of 2.1422 Phantom Stock Units on 2026-07-31 at $110.5200 per unit. The award is a derivative compensation grant linked to PPG common stock and increased her total phantom holdings to 1412.0899 units in the Deferred Compensation Plan.
How do Juliane Hefel’s Phantom Stock Units at PPG (PPG) relate to common stock?
Each Phantom Stock Unit converts into one share of PPG common stock. Conversion occurs after termination of employment, and unit values track a company stock fund, reflecting PPG’s share price and related cash held in the fund.
What is Juliane Hefel’s total Phantom Stock Unit balance at PPG (PPG) after this grant?
After the reported grant, her total Phantom Stock Units are 1412.0899 units. This balance represents her interest in an unfunded, unitized company stock fund within PPG’s Deferred Compensation Plan and may change with PPG’s stock price and cash levels.
How is the value of PPG (PPG) Phantom Stock Units in this Form 4 determined?
Each unit was valued at $110.5200 on the grant date, matching PPG’s referenced share value. Ongoing unit counts may change over time based on the fair market value of PPG’s common stock and the amount of cash in the related fund.