Massy Robert L. 4

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.