PPG Industries, Inc. filings document regulatory disclosures for a global paints, coatings and specialty products company. Recent 8-K reports furnish earnings releases and financial-condition updates, while other current reports cover executive-officer appointments, retirement notices, director elections, committee assignments and equity-based compensation arrangements.
The company’s proxy materials describe shareholder meeting matters, board governance, director compensation, executive pay and pay-versus-performance disclosures. PPG’s filings also identify its common stock and outstanding senior notes, giving the formal record for capital structure, governance actions, operating results and material-event reporting.
PPG Industries Chairman and CEO Timothy M. Knavish received a compensation-related award of phantom stock units. On this Form 4, he was granted 64.3506 phantom stock units at a reference price of $119.34 per unit, which track the value of PPG common stock.
Following this award, he holds a total of 12,543.0199 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan. These units convert into PPG common stock on a one-for-one basis after his employment with PPG ends, and their value can change over time with the stock price and cash in the plan’s unitized stock fund.
PPG Industries senior vice president Chancey E. Hagerty received a grant of phantom stock units tied to PPG common shares. The award covers 0.9811 phantom stock units, valued at $119.34 per unit, increasing his total phantom holdings to 190.3511 units.
The phantom stock units convert into common stock on a one-for-one basis after termination of employment and are held in the PPG Industries Deferred Compensation Plan, where the number of units can change with stock price and cash movements in the plan’s unitized stock fund.
PPG Industries Inc. senior vice president Anne M. Foulkes reported a routine compensation-related transaction involving phantom stock units linked to PPG common stock. She received an award of 3.56 phantom stock units at a reference price of $119.34 per unit, increasing her total holdings in the company’s deferred compensation plan to 770.0558 phantom stock units. These units are designed to mirror the value of PPG common stock on a one-for-one basis and generally convert to common shares after termination of employment.
PPG Industries senior vice president Amy R. Ericson reported receiving 1.0118 Phantom Stock Units tied to PPG common stock as a compensation-related award. These units convert into common stock on a one-for-one basis after termination of employment. Following this grant, she holds a total of 230.4417 phantom stock units within the company’s deferred compensation plan, where the attributed units can change over time with the fund’s mix of stock and cash.
PPG Industries senior vice president of operations Kevin D. Braun received a grant of 4.5133 phantom stock units tied to PPG common stock. The units reference a price of $119.34 per share and increase his total phantom stock holdings in the company’s deferred compensation plan to 884.4648 units.
The phantom stock units convert into common stock on a one-for-one basis after termination of employment, and their attributed amount can fluctuate over time with PPG’s share price and cash in the plan’s unitized stock fund. This is a routine compensation-related award, not an open-market stock purchase or sale.
PPG Industries senior vice president of Automotive Coatings, Alisha Bellezza, received a grant of 0.835 phantom stock units tied to PPG common stock. These units convert to common stock on a one-for-one basis after termination of employment under the company’s Deferred Compensation Plan.
Following this award, she holds a total of 163.2271 phantom stock units in the plan, which represents a non-cash, compensation-related increase in her deferred equity-linked holdings rather than an open-market share purchase or sale.
Topalian Leon J reported acquisition or exercise transactions in this Form 4 filing.
PPG Industries director Leon J. Topalian received a compensation-related grant of phantom stock units. On this Form 4, he was awarded 16.0834 phantom stock units at a reference price of $119.34 per unit. Each phantom stock unit is convertible into one share of PPG common stock after his termination of service as a director.
Following this award, Topalian holds a total of 1,250.8423 phantom stock units in the PPG Industries Deferred Compensation Plan for Directors. These units represent interests in an unfunded unitized company stock fund invested in PPG stock and cash, and the attributed number of units may change over time with market value and cash levels in the fund.
PPG Industries director Chris Roberts III received a grant of 28.6067 phantom stock units as compensation. These units are tied to PPG common stock on a one-for-one basis and are held in the company’s Deferred Compensation Plan for Directors. Following this award, Roberts holds a total of 4,028.8359 phantom stock units, which track the value of PPG shares and can convert into common stock after his service as a director ends.
PPG Industries director Guillermo Novo received a grant of 24.5887 Phantom Stock Units, which convert into common stock on a one-for-one basis. These units were credited at a reference price of $119.34 per unit and are held in the Deferred Compensation Plan for Directors. After this award, Novo holds a total of 13,180.5187 phantom stock units, which generally become payable in common stock after his termination of service as a director.
PPG Industries director Michael Nally received a grant of 56.3136 Phantom Stock Units, tied to a reference price of $119.34 per unit. These units convert into an equal number of common shares after his service as a director ends. Following this award, he holds a total of 10,338.8435 phantom stock units in the company’s Deferred Compensation Plan for Directors.