Massy Robert L. 4

What Happened

• Robert L. Massy, Senior Vice President and Chief Human Resources Officer of PPG Industries, received an award of 0.074 phantom shares (derivative interest) on 2026-05-29. The filing lists a per-share value of $112.98, for a total reported value of approximately $8. This transaction is coded as an award/acquisition (A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-29; filing date: 2026-06-01 (timely filing).
• Price/value shown: $112.98 per share; total value ≈ $8.
• Shares/units after transaction: filing reports 0.074 phantom stock units held in PPG’s Deferred Compensation Plan (per footnote F3).
• Nature of the instrument: derivative/phantom stock units (not actual common stock); conversion to common stock is one-for-one (footnote F1).
• Payout timing: units are part of a deferred compensation plan and are payable/convertible after termination of employment (footnote F2 and F3).
• This was an award/grant (A), not a sale; the value is nominal.

Context

• Phantom stock units are bookkeeping interests in a stock/cash fund within PPG’s Deferred Compensation Plan; they mirror the value of common shares but are paid per plan rules (often at or after employment termination). Such grants are routine compensation actions and do not necessarily signal buy/sell intent in the open market.