Heminger Gary R. 4

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.