Hefel Juliane M. 4
4 · PPG INDUSTRIES INC · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
PPG Sr. VP Juliane Hefel Receives Award (Phantom Stock)
What Happened
- Juliane M. Hefel, Senior Vice President, Industrial Coatings & Special Products at PPG Industries (PPG), was granted 1.201 derivative units on 2026-01-30. The filing reports an acquisition at $115.63 per share-equivalent, valuing the award at approximately $139.
- This was an award/grant of phantom stock units (a deferred-compensation instrument), not an open-market buy or sale.
Key Details
- Transaction date: 2026-01-30; Form 4 filed: 2026-02-02 (filed within the SEC’s required two-business-day window).
- Instrument: 1.201 derivative/phantom stock units at $115.63 per share-equivalent; total reported value ≈ $139.
- Shares owned after transaction: Not disclosed in this Form 4.
- Footnotes:
- F1: Each unit converts to one share of common stock on a one-for-one basis.
- F2: Conversion described as occurring after termination of employment with PPG.
- F3: Units are phantom stock units in PPG’s Deferred Compensation Plan — an unfunded, unitized stock/cash fund whose credited units may change with stock price and fund cash.
- Transaction code: A (Award/Grant).
Context
- These are deferred-compensation phantom units that track PPG stock value and are not an immediate cash purchase or sale; they typically convert to actual shares (per F1/F2) or cash at termination according to plan rules.
- Awards like this are compensation-related and do not necessarily indicate the insider’s view on the company’s near-term prospects.
Insider Transaction Report
Form 4
Hefel Juliane M.
Sr. VP, Ind Coatings & Sp Prod
Transactions
- Award
Phantom Stock Units
[F1][F2][F3]2026-01-30$115.63/sh+1.201$139→ 229.587 total→ Common Stock (1.201 underlying)
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.
Signature
/s/ Greg E. Gordon, Attorney-in-Fact for Juliane M. Hefel|2026-02-02