Massy Robert L. 4

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.