Hefel Juliane M. 4

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).