Massy Robert L. 4
4 · PPG INDUSTRIES INC · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
PPG Sr. VP Robert L. Massy Receives Phantom Stock Award
What Happened Robert L. Massy, Senior Vice President and Chief Human Resources Officer of PPG Industries (PPG), was granted 0.206 derivative shares as an award on 2026-03-31. The filing lists a per-share value of $106.88, giving this award a notional value of about $22. This was an award (derivative/phantom stock unit), not an open-market purchase or sale.
Key Details
- Transaction date and terms: 2026-03-31 — Award of 0.206 phantom/derivative shares at $106.88 per share (total ≈ $22). Transaction code: A (award/acquisition).
- Shares owned after transaction: Not specified in this Form 4.
- Footnotes of note:
- F1: The security converts to common stock on a one-for-one basis.
- F2: Conversion/settlement occurs after termination of employment with PPG.
- F3: These are phantom stock units in PPG’s Deferred Compensation Plan (an unfunded unitized stock-and-cash fund); unit counts/value may change based on plan fund value.
- Filing timeliness: Form filed 2026-04-01 for a 2026-03-31 transaction; appears to be filed within the normal reporting window (not identified as late).
Context This was a small-value compensation award in the form of a phantom stock/Deferred Compensation Plan unit. Phantom stock units are derivative interests (not immediately tradable common shares) that track PPG’s stock value, typically settling or converting later (here, per footnotes, upon employment termination). Such awards are routine executive compensation and do not by themselves indicate insider buying or selling sentiment.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3]2026-03-31$106.88/sh+0.206$22→ 169.947 total→ Common Stock (0.206 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.