Massy Robert L. 4
4 · PPG INDUSTRIES INC · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
PPG (PPG) Sr. VP Robert Massy Receives Award — 1.615 Shares
What Happened
Robert L. Massy, Senior Vice President and Chief Human Resources Officer of PPG Industries, received a derivative award of 1.615 shares (phantom stock units) on 2026-03-12. The reported per-share value was $100.73, giving a total reported value of about $163. This was an award/grant (code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-12; filing date: 2026-03-13.
- Instrument: Phantom stock units / derivative award reported as 1.615 units at $100.73 each; total ≈ $163.
- Conversion: Footnote F1 — each unit converts to common stock on a one-for-one basis.
- Payout timing: Footnote F2 — related payout occurs after termination of employment.
- Plan details: Footnote F3 — units are phantom stock in the PPG Deferred Compensation Plan (unfunded unitized stock fund; value can change with fair market value and cash in the fund).
- Shares owned after transaction: Not specified in the Form 4 filing.
- Filing timeliness: Filed promptly the next day (no late filing indicated).
Context
This was a small-value deferred-compensation award of phantom units rather than an immediate purchase of common stock. Phantom units typically pay out in cash or stock later (often upon separation/retirement) and can fluctuate with the company’s stock value; they do not necessarily indicate near-term buying or selling intent by the insider.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3]2026-03-12$100.73/sh+1.615$163→ 169.485 total→ Common Stock (1.615 underlying)
Footnotes (3)
- [F1]The security converts to common stock on a one-for-one basis.
- [F2]After termination of employment with PPG.
- [F3]Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan. 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.