PPG Insider Report: 17.4451 Phantom Units Added, Beneficial Ownership 642.6967
Rhea-AI Filing Summary
PPG Industries insider reported receipt of phantom stock units under the company's Deferred Compensation Plan. On 09/30/2025 the reporting person was credited with 17.4451 phantom stock units, which convert to common stock on a one-for-one basis. The filing shows a price reference of $105.11 and reports the reporting person beneficially owned 642.6967 shares following the transaction. The phantom units are interests in an unfunded unitized company stock fund made up of stock and cash and may change in number based on the fair market value of PPG common stock and cash in the fund. The transaction was signed by an attorney-in-fact on 10/01/2025.
Positive
- Deferred compensation granted: 17.4451 phantom stock units were credited, aligning executive compensation with company stock performance
- Clear disclosure: Form 4 lists conversion mechanics and provides the post-transaction beneficial ownership of 642.6967 shares
Negative
- None.
Insights
TL;DR: Officer received deferred compensation in phantom stock units; this is a routine equity-linked award, not an immediate stock issuance.
The Form 4 documents a grant of 17.4451 phantom stock units that convert one-for-one to common shares after employment termination and are held in an unfunded unitized stock-and-cash fund. As a governance item, this is a standard long-term deferred compensation mechanism aligning executive pay with shareholder value without immediate dilution. The filing clearly states the mechanics and that the number of shares credited can vary with fund value, which investors should note when reconciling reported beneficial ownership.
TL;DR: Transaction is non-cash deferred compensation tied to share price; reported beneficial ownership totals 642.6967 shares.
From a securities reporting perspective, the entry shows an acquisition code for phantom units on 09/30/2025 with a reference price of $105.11. The units are not currently issued shares but represent potential future conversion and reflect an interest in a unitized fund. The disclosure is concise and complies with Section 16 reporting requirements; it does not show open-market purchases or sales of issued common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 17.445 | $105.11 | $2K |
Footnotes (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.
