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Trying to pinpoint how rising titanium dioxide costs affect PPG Industries’ margins or when executives last bought shares can feel like searching for a specific pigment in a warehouse full of paint cans. PPG’s annual report tops 300 pages, its 10-Q earnings tables span dozens more, and environmental remediation notes are buried deep in the footnotes.
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PPG Industries insider reported acquisition of phantom stock units. Amy R. Ericson, Senior Vice President, P&M Coatings, acquired 14.3437 phantom stock units on 09/15/2025 under the PPG Deferred Compensation Plan. Each phantom unit converts to one share of common stock on a one-for-one basis and the reported conversion-equivalent price is $109.45. After the transaction, the reporting person beneficially owns 117.6983 shares (reported as direct ownership). The filing was signed by an attorney-in-fact on 09/16/2025. The phantom units represent interests in an unfunded unitized stock fund whose attributed share count can change with market value and cash in the fund.
The filing shows that Kevin D. Braun, Senior Vice President, Operations at PPG Industries, acquired 9.5927 phantom stock units on September 15, 2025. Each phantom unit converts one-for-one into common stock and is tied to a deferred compensation plan that holds stock and cash; the units are payable after termination of employment. The filing reports 9.5927 underlying shares attributable to this transaction and a total of 644.2825 phantom stock units beneficially owned following the transaction. The reported per-share reference price is $109.45. The form is signed by an attorney-in-fact on behalf of Mr. Braun.
Alisha E. Bellezza, Senior Vice President, Automotive Coatings at PPG Industries, acquired phantom stock units on 09/15/2025. The Form 4 reports an acquisition of phantom stock units credited at 0.5799 units (transaction labeled as acquired) with an attributed value per unit shown as $109.45. After the reported transaction the filing shows 76.0722 units beneficially owned by the reporting person.
These phantom stock units convert to common stock on a one-for-one basis and are held in the PPG Deferred Compensation Plan as interests in an unfunded unitized stock fund that may change in share count based on the fund's fair market value and cash components. The filing was signed by an attorney-in-fact on 09/16/2025.
Kevin D. Braun, Senior Vice President, Operations at PPG Industries, acquired 3.9137 phantom stock units on 09/12/2025 under the PPG Industries, Inc. Deferred Compensation Plan. The filing reports a unit value of $110.72, and after the transaction the reporting person is credited with 634.6898 phantom stock units held directly. The phantom units convert to common stock on a one-for-one basis and are payable after termination of employment. Phantom units track an unfunded unitized stock fund whose share equivalent can change with the plan's fair market value and cash components.
Alisha E. Bellezza, Sr. VP, Automotive Coatings at PPG Industries (PPG), reported a Form 4 disclosing a non-cash acquisition of phantom stock units under PPGâs Deferred Compensation Plan. On 09/12/2025 she was credited with 0.4646 phantom stock units at a reported per-share value of $110.72. Those units convert one-for-one into common stock after termination of employment. Following the transaction she beneficially owns 75.4923 shares (direct). The filing was signed by an attorney-in-fact on 09/15/2025.
Vincent J. Morales, Senior VP & CFO of PPG Industries, reported on Form 4 an acquisition of 169.5217 phantom stock units on 09/12/2025 tied to the company's Deferred Compensation Plan. The filing shows a per-unit value of $110.72 and reports 27,165.5107 shares or share-equivalents beneficially owned after the transaction. The phantom units convert to common stock one-for-one and are described as interests in an unfunded unitized stock fund that may change in share equivalent value based on the fair market value of PPG common stock and cash in the fund. The Form 4 was filed on 09/15/2025 and signed by an attorney-in-fact.
Robert L. Massy, Sr. VP and Chief HR Officer of PPG Industries, reported a non-derivative acquisition of phantom stock units on 09/12/2025. The filing shows an acquisition of 0.2807 phantom units at an attributable per-share value of $110.72, and reports 45.2068 shares beneficially owned following the transaction in a direct capacity. The filing states phantom stock units convert to common stock on a one-for-one basis and are held in the company’s Deferred Compensation Plan as interests in an unfunded unitized stock-and-cash fund; the number of shares attributed may vary with the fair market value of PPG’s stock and cash in the fund. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Massy on 09/15/2025.
Timothy M. Knavish, who serves as Chairman and CEO and is a director of PPG Industries, reported an award of 74.3049 phantom stock units under the PPG Industries, Inc. Deferred Compensation Plan on 09/12/2025. The report shows these phantom units convert to common stock on a one-for-one basis and are valued at a unit price of $110.72, representing 74.3049 shares for reporting purposes. After this grant the filing reports the reporting person beneficially owns 11,957.9663 shares (expressed as units in the Plan). The phantom units are part of an unfunded unitized stock-and-cash fund and may change in number based on the fund's fair market value; conversion or cash settlement occurs after termination of employment.
Juliane M. Hefel, Senior Vice President of Industrial Coatings & Special Products at PPG Industries (PPG), received phantom stock units under PPG's Deferred Compensation Plan. On 09/12/2025 the filing reports acquisition of phantom stock units equivalent to 0.7863 shares each at a reported per-unit value of $110.72; the filing lists 129.0034 as the number of shares attributed following the transaction. The phantom units convert to common stock on a one-for-one basis and represent interests in an unfunded unitized company stock fund composed of stock and cash. The units are payable after termination of employment and the filing was signed by an attorney-in-fact on 09/15/2025.
PPG Industries insider reported receipt of phantom stock units under the PPG Deferred Compensation Plan. The filing shows a transaction dated 09/12/2025 in which 0.1131 phantom stock units were acquired at an attributable price of $110.72 per share equivalent, resulting in 49.3881 total phantom stock units held by the reporting person after the transaction. These phantom units convert to common stock on a one-for-one basis and represent interests in an unfunded unitized company stock fund composed of stock and cash. The filing notes the units vest or convert after termination of employment and that the reported amounts may change with the fund's fair market value and cash balance.
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