Heminger Gary R. 4
4 · PPG INDUSTRIES INC · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
PPG Director Gary Heminger Receives Award of 90.287 Shares
What Happened Gary R. Heminger, a director of PPG Industries, received an award (grant, code A) of 90.287 derivative units valued at $100.73 each on 2026-03-12, totaling about $9,095. The filing shows these are derivative/phantom stock units rather than an open‑market purchase of common shares.
Key Details
- Transaction type: Award/Grant (derivative) on 2026-03-12; filing date 2026-03-13 (timely).
- Amount: 90.287 units at $100.73 per unit; total value ≈ $9,095.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes:
- F1: Each unit converts to common stock on a one‑for‑one basis.
- F2: Relevant to payout/vesting after termination of director service.
- F3: Units are phantom stock in the PPG Deferred Compensation Plan for Directors (an unfunded unitized stock/cash fund); unit counts/value may change with fair market value and cash in the fund.
- Filing timeliness: Reported the business day after the transaction; no late filing indicated.
Context This was a compensation grant (deferred/phantom units) common for non-employee directors and not an open‑market buy or sell. Phantom units generally track company stock value and are paid or converted per plan terms (here noted to convert one-for-one and tied to post‑service payout rules), so the award is a routine director compensation action rather than a direct market sentiment trade.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3]2026-03-12$100.73/sh+90.287$9,095→ 10,900.937 total→ Common Stock (90.287 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.