Hefel Juliane M. 4
4 · PPG INDUSTRIES INC · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
PPG Sr. VP Juliane M. Hefel Receives 0.808-Share Award
What Happened
Juliane M. Hefel, Senior Vice President, Industrial Coatings & Special Products at PPG Industries (PPG), received an award of 0.808 shares (derivative/phantom stock units) on February 13, 2026. The units were valued at $131.34 per share, for a total reported value of $106. This was an award/grant (code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-13; Price per share reported: $131.34; Total value: $106.
- Security type: Derivative/phantom stock units (reported as converting one-for-one to common stock — see footnote F1).
- Plan: Units are part of PPG’s Deferred Compensation Plan (phantom stock units) and reflect interests in an unfunded unitized stock/cash fund (footnote F3).
- Footnote F2 notes conversion/vesting detail "after termination of employment with PPG."
- Filing date: 2026-02-18 for a 2026-02-13 transaction — filed several days after the trade; Form 4s are generally due within 2 business days, so this appears to have been filed late.
Context
Phantom stock units are deferred-compensation awards that track the value of the company’s common stock but are paid in stock or cash per plan rules; they do not represent an immediate cash purchase of shares. This small award (0.808 units, ~$106) is routine compensation/deferral activity and not the same signal as an open-market purchase or sale by the insider.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3]2026-02-13$131.34/sh+0.808$106→ 230.395 total→ Common Stock (0.808 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.