Hefel Juliane M. 4
4 · PPG INDUSTRIES INC · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
PPG Sr. VP Juliane Hefel Receives Phantom Stock Award
What Happened Juliane M. Hefel, Senior Vice President, Industrial Coatings & Specialty Products at PPG Industries (PPG), received an award of 1.416 phantom/derivative shares on 2026-03-13. The reported per-share value was $101.89, for a total reported value of approximately $144. The transaction is coded "A" (award/grant) and involves a derivative instrument rather than an immediate open-market purchase.
Key Details
- Transaction date: 2026-03-13; Form 4 filed: 2026-03-16 (filed within the standard reporting window).
- Award details: 1.416 derivative shares at $101.89 each; total reported value ≈ $144.
- Security type: Phantom stock units / derivative (not an immediate delivery of common shares).
- Shares owned after transaction: Not specified in the provided data.
- Footnotes of note:
- F1: The derivative/security converts to common stock on a one-for-one basis.
- F2: Conversion/payment may occur after termination of employment.
- F3: These are phantom stock units in PPG’s Deferred Compensation Plan (an unfunded unitized stock/cash fund); unit counts and attributed value can change with the fair market value and cash in the fund.
Context This is an award of deferred/phantom stock units rather than a cash purchase or sale. Such awards are commonly used for long-term compensation and do not necessarily indicate immediate buying or selling of company stock by the insider. The filing appears timely (filed March 16 for a March 13 transaction).
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3]2026-03-13$101.89/sh+1.416$144→ 1,148.348 total→ Common Stock (1.416 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.