Massy Robert L. 4
4 · PPG INDUSTRIES INC · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
PPG HR Chief Robert Massy Receives Phantom Stock Award
What Happened Robert L. Massy, Senior Vice President and Chief Human Resources Officer of PPG Industries, received a grant of 0.392 phantom stock units on May 15, 2026. The filing reports the units valued at $102.64 each, totaling $40. This transaction is an award/acquisition (code A) of a derivative (phantom stock) tied to PPG common stock, not an open-market purchase of shares.
Key Details
- Transaction date: 2026-05-15; Form 4 filed: 2026-05-18.
- Grant: 0.392 phantom stock units at $102.64 per share = $40 (derivative award).
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: the units convert to common stock on a one-for-one basis (F1) and conversion/payout is tied to termination of employment (F2). These are phantom stock units in PPG’s Deferred Compensation Plan (F3) — an unfunded unitized stock/cash fund whose credited units and value can change with the company’s stock price and fund cash.
- Transaction code: A (award/grant of a derivative).
Context Phantom stock units are a form of deferred compensation that mirror the economic value of shares but do not represent immediate ownership or voting rights. They typically pay out (or convert to shares) at a future date or upon termination, so this award is a routine compensation event rather than a direct insider purchase or sale indicating trading sentiment.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3]2026-05-15$102.64/sh+0.392$40→ 170.967 total→ Common Stock (0.392 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.