LIGOCKI KATHLEEN 4
4 · PPG INDUSTRIES INC · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
PPG Director Kathleen Ligocki Converts RSUs to Phantom Stock
What Happened
Kathleen Ligocki, a director of PPG Industries (PPG), converted 1,849 vested restricted stock units (RSUs) on April 15, 2026 into phantom stock units under PPG’s Deferred Compensation Plan for Directors — reported as the acquisition of 1,849 derivative units at $107.72 each (total ~$199,174). The filing also shows a grant/acquisition on April 16, 2026 of 1,684 derivative units (reported at $0.00), which are restricted stock units that vest on April 14, 2027.
Key Details
- Transaction dates: April 15, 2026 (conversion of 1,849 RSUs); April 16, 2026 (grant of 1,684 units).
- Prices/values reported: 1,849 units acquired at $107.72 each = $199,174; the other 1,684 units reported at $0.00 (award/grant).
- Shares owned after transaction: total phantom units held by the reporting person are noted in the filing scheme but the exact post-transaction ownership count is not provided in the excerpt.
- Footnotes summary: the 1,849 RSUs vested on April 15, 2026 and were deferred in exchange for phantom stock (F1); phantom units convert one-for-one to common stock (F2) and represent interests in an unfunded stock/cash fund whose unit count/value can fluctuate (F4); each RSU corresponds to one share if/when delivered (F5); the 1,684 newly reported RSUs vest April 14, 2027 (F6).
- Timeliness: filing dated April 17, 2026 for transactions on April 15–16, 2026 appears timely (no late-filing flag reported).
Context
These transactions are compensation/deferral actions by a director, not open-market purchases or sales. Converting vested RSUs into phantom stock means Ligocki deferred receipt of actual shares in favor of phantom units that track the stock value (and may convert to shares under plan rules), so this does not indicate a market sale. For retail investors, such director deferrals and awards are routine forms of pay and retention and should be interpreted differently than direct buys or sells in the open market.
Insider Transaction Report
- Exercise/Conversion
Restricted Stock Units
[F1]2026-04-15−1,849→ 0 total→ Common Stock (1,849 underlying) - Exercise/Conversion
Phantom Stock Units
[F2][F3][F4]2026-04-15$107.72/sh+1,849$199,174→ 8,802.558 total→ Common Stock (1,849 underlying) - Award
Restricted Stock Units
[F5][F6]2026-04-16+1,684→ 1,684 total→ Common Stock (1,684 underlying)
Footnotes (6)
- [F1]Upon the vesting of restricted stock units on April 15, 2026, which were granted to the reporting person on April 17, 2025, the reporting person deferred the receipt of 1,849 shares of common stock and received instead shares of phantom stock pursuant to the PPG Industries, Inc. Deferred Compensation Plan for Directors. As a result, the reporting person is reporting the conversion of restricted stock units relating to 1,849 shares of common stock in exchange for shares in phantom stock.
- [F2]The security converts to common stock on a one-for-one basis.
- [F3]After termination of service as a Director of PPG Industries, Inc.
- [F4]Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors. 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 common stock and the amount of cash in the fund.
- [F5]Each restricted stock unit represents a contingent right to receive one share of PPG common stock.
- [F6]The restricted stock units vest on April 14, 2027.