Massy Robert L. 4
4 · PPG INDUSTRIES INC · Filed May 1, 2026
Research Summary
AI-generated summary of this filing
PPG Sr. VP & Chief HR Officer Robert Massy Receives Award
What Happened Robert L. Massy, Sr. Vice President and Chief Human Resources Officer of PPG Industries (PPG), received an award of 0.323 phantom stock units on 2026-04-30. The award is reported at an acquisition price of $108.50 per share, equal to roughly $35 in value. This was an award/grant (derivative), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-30; Filing date (Form 4): 2026-05-01 (timely).
- Award details: 0.323 phantom stock units @ $108.50 each; total reported value ~$35.
- Shares owned after transaction: Not specified on this Form 4.
- Footnotes:
- F1: Units convert to common stock on a one-for-one basis.
- F2: Payment/conversion may occur after termination of employment.
- F3: Units are "phantom stock" in PPG’s Deferred Compensation Plan and track a unitized stock/cash fund; credited amounts can change with the fund’s fair market value and cash balance.
- Transaction type code: A (award/grant); derivative transaction rather than direct equity purchase.
Context Phantom stock units are a form of deferred compensation that track the value of company stock and are typically settled in cash or stock later (often upon departure or at a specified date). Such awards are routine compensation actions and do not indicate an immediate buy or sell decision by the insider.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3]2026-04-30$108.50/sh+0.323$35→ 170.576 total→ Common Stock (0.323 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.