Massy Robert L. 4

What Happened Robert L. Massy, Senior Vice President and Chief Human Resources Officer of PPG Industries, was granted 0.335 derivative/phantom shares on February 27, 2026. The grant is reported at an attributed price of $123.27 per share for a notional value of $41 (reported as a derivative award, transaction code A). This was an award of phantom stock units (deferred compensation), not an open-market purchase.

Key Details

• Transaction date and price: 2026-02-27, $123.27 per share; total reported value $41 (derivative award).
• Transaction type: A = Award/Grant (phantom stock units in the Deferred Compensation Plan).
• Shares owned after transaction: not disclosed in the filing.
• Footnotes of note:
  • F1: The security converts to common stock on a one-for-one basis.
  • F2: Settlement/convertibility is linked to termination of employment.
  • F3: Units are phantom stock units in PPG’s Deferred Compensation Plan and track the fair market value of PPG stock and cash in the fund.
• Filing timeliness: Reported on March 2, 2026 (timely relative to the Feb 27 transaction).

Context This was a small-value deferred-compensation award (phantom stock units) rather than a cash purchase or sale of common shares. Phantom units typically track the company’s stock value and are settled according to the plan’s terms (often upon separation or at specified dates), so such awards are standard compensation and not a direct market signal of insider buying or selling.