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PPG Industries Chairman and CEO Timothy M. Knavish received a grant of 118.4168 phantom stock units, a form of stock-based compensation that tracks the value of PPG common shares. Following this award, he holds a total of 12,416.9911 phantom stock units in the company’s deferred compensation plan.
Each phantom stock unit converts into one share of PPG common stock after termination of his employment, aligning his long-term compensation with the company’s share performance rather than representing an open-market stock purchase or sale.
PPG Industries senior vice president Juliane M. Hefel received a grant of 1.5912 phantom stock units tied to PPG common stock at a reference price of $100.73 per unit. This award increases her total phantom stock units in the company’s deferred compensation plan to 1,146.932.
The phantom units convert into PPG common stock on a one-for-one basis after her employment with PPG ends. These units represent an interest in an unfunded company stock fund whose value can change with PPG’s share price and the amount of cash held in the fund. This is a compensation-related grant, not an open-market stock purchase or sale.
PPG Industries senior vice president Chancey E. Hagerty reported receiving a small grant of phantom stock units as compensation. On the reported date, Hagerty acquired 1.7985 phantom stock units tied to PPG common stock, bringing total holdings in the company’s deferred compensation plan to 188.6721 units.
The phantom units convert into PPG common stock on a one-for-one basis after termination of employment with PPG. They represent an interest in an unfunded company stock fund made up of stock and cash, and the attributed unit balance can change over time with PPG’s share price and cash levels in the fund.
PPG Industries senior vice president Anne M. Foulkes received a grant of 7.2905 phantom stock units tied to PPG common stock. Each unit converts into one share of common stock after termination of employment. Following this award, she holds a total of 764.7525 phantom stock units in PPG’s deferred compensation plan, where the value of units changes with the stock price and related cash in the plan.
PPG Industries Inc senior vice president Amy R. Ericson received a grant of 1.6022 phantom stock units linked to PPG common stock. These units were valued at $100.73 per unit on the grant date and increase her total phantom stock holdings in the company’s deferred compensation plan to 229.4299 units.
The phantom stock units convert into PPG common shares on a one-for-one basis after her employment with PPG ends. They represent an interest in an unfunded company stock fund made up of PPG stock and cash, so the number of units attributed to her can change over time with stock price movements and cash levels in the fund.
PPG Industries senior vice president of operations Kevin D. Braun received a grant of 8.0069 phantom stock units linked to PPG common stock. These units were valued at $100.73 each on the grant date and convert to common shares on a one-for-one basis after his employment terminates.
Following this award, Braun holds a total of 853.0966 phantom stock units in PPG’s deferred compensation plan, which tracks a unitized company stock fund made up of PPG shares and cash, so the attributed number of units can change with stock price and cash levels in the fund.
PPG Industries senior vice president of automotive coatings Alisha Bellezza reported a compensation grant of 1.5103 phantom stock units tied to the company’s common stock at a reference price of $100.73 per unit. Following this award, she holds 158.6907 phantom stock units in the PPG deferred compensation plan.
The phantom units track a unitized company stock fund of stock and cash, may change in number with market value and cash levels, and convert into common stock on a one-for-one basis after her employment with PPG ends.
PPG Industries director Leon J. Topalian received a grant of 8.6437 phantom stock units tied to PPG common stock. These units were awarded at a reference price of $100.7300 per unit and convert into common stock on a one-for-one basis after his service as a director ends. Following this award, he holds a total of 24.7589 phantom stock units in the PPG Deferred Compensation Plan for Directors, which is an unfunded stock-based plan rather than an open-market share purchase.
PPG Industries director Chris Roberts III received a grant of 28.2041 phantom stock units on PPG common stock at a reference value of $100.7300 per unit. This is a compensation award, not an open-market purchase. His total phantom stock units in the directors’ deferred compensation plan increased to 2,151.2292.
The phantom units are unfunded bookkeeping entries tied to a unitized company stock fund of stock and cash. They convert into PPG common shares on a one-for-one basis, payable after his termination of service as a director, and their attributed share count can change with stock price and fund cash levels.
PPG Industries director Guillermo Novo received a grant of phantom stock units as part of his director compensation. On this date, he was awarded 91.6158 phantom stock units, each tied to the value of PPG common stock at a reference price of $100.73.
The units are held in PPG’s Deferred Compensation Plan for Directors and track an unfunded unitized company stock fund made up of stock and cash. The phantom units convert into PPG common stock on a one-for-one basis after Novo’s service as a director ends. Following this award, his total phantom stock unit balance in the plan is 10,905.7174 units.