Massy Robert L. 4

What Happened
Robert L. Massy, Senior Vice President and Chief Human Resources Officer of PPG Industries, received an award of 0.305 derivative shares on 2026-04-15. The award is reported at a price of $107.72 per share for a total value of approximately $33. The transaction is an award/grant (code A) of phantom stock units rather than an open-market purchase.

Key Details

• Transaction date and price: 2026-04-15 at $107.72 per share.
• Quantity and value: 0.305 shares (derivative), ~ $33 total.
• Security type: derivative — phantom stock units that convert to common stock on a one-for-one basis (Footnote F1).
• Plan and holding: Units are held in the PPG Deferred Compensation Plan and represent interests in an unfunded unitized stock/cash fund (Footnote F3). Payouts are related to amounts payable after termination of employment (Footnote F2).
• Filing timeliness: Report filed 2026-04-16 for a 2026-04-15 transaction (appears timely).
• Shares owned after transaction: the filing notes the total phantom units held (see F3); the exact post-transaction total is not specified in the excerpt provided.

Context
This was a small-value compensation award in the form of phantom stock units under PPG’s deferred compensation plan. Phantom units track the company’s stock value and may be settled in stock and/or cash later (often upon termination or as specified by the plan). Such awards are routine components of executive compensation and, given the modest dollar amount here, do not by themselves indicate a meaningful change in insider sentiment.