Massy Robert L. 4

What Happened

• Robert L. Massy, Senior Vice President and Chief Human Resources Officer of PPG Industries (PPG), received a grant/award of 0.124 derivative shares (phantom stock units) on 2026-01-30. The transaction is reported at a per-share value of $115.63, for an aggregate reported value of approximately $14. This was an award (derivative grant), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-30; Filing date: 2026-02-02 (no late-filing indication in the report).
• Transaction type/code: Award/Grant (A); derivative reported.
• Amount/price/value: 0.124 shares × $115.63 = ~$14.
• Shares owned after transaction: Not specified in the filing; relates to phantom stock unit holdings in PPG’s Deferred Compensation Plan (see F3).
• Relevant footnotes:
  • F1: Each derivative unit converts to common stock on a one-for-one basis.
  • F2: Payment/conversion may occur after termination of employment.
  • F3: These are phantom stock units in PPG’s Deferred Compensation Plan (unfunded unitized stock fund); the number/value attributed can change with the fund’s fair market value and cash balance.

Context

• This was a compensation-related award of phantom stock units (a derivative), commonly used in deferred-compensation arrangements. Such awards are not the same as an executive buying shares on the open market and do not by themselves signal a positive or negative view of the stock. The reported dollar value is minimal (~$14), indicating a very small incremental grant or rounding of unit accounting.