Healey Melanie 4

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.