Healey Melanie 4
4 · PPG INDUSTRIES INC · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
PPG Director Melanie Healey Receives 42.062-Unit Award
What Happened Melanie Healey, a director of PPG Industries, received an award of 42.062 derivative units on 2026-03-12. The filing values the units at $100.73 each for a total of approximately $4,237. This transaction is coded as an award/grant (A) and represents derivative interests rather than an open-market purchase of common stock.
Key Details
- Transaction date: 2026-03-12; Form 4 filed 2026-03-13 (timely).
- Price/value: $100.73 per share-equivalent; total reported value ≈ $4,237.
- Shares/units acquired: 42.062 derivative units (phantom stock units).
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnotes:
- F1: Units convert to common stock on a one-for-one basis.
- F2: Conversion/payout may occur after termination of service as a director.
- F3: Units are phantom stock in the PPG Deferred Compensation Plan for Directors—an unfunded unitized stock/cash fund whose unit count/value can change with the stock price and fund cash.
- Filing status: Timely (no late filing indicated).
Context This was an award of phantom stock units (deferred compensation), not an open-market buy or sale. Phantom units typically mirror the value of common shares and may convert to stock or cash per plan terms (often at or after termination), so they do not necessarily reflect an immediate change in beneficial ownership or a present bullish/bearish trade signal.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3]2026-03-12$100.73/sh+42.062$4,237→ 4,104.278 total→ Common Stock (42.062 underlying)
Footnotes (3)
- [F1]The security converts to common stock on a one-for-one basis.
- [F2]After termination of service as a Director of PPG Industries, Inc.
- [F3]Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors. 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.