LIGOCKI KATHLEEN 4

What Happened

• Kathleen Ligocki, a director of PPG Industries, received an award of 49.786 derivative shares (phantom stock units) on 2026-06-12. The filing lists an acquisition price of $119.34 per share, giving a reported value of $5,942. This was an award/grant (not an open‑market purchase or sale).

Key Details

• Transaction date and price: 2026-06-12 at $119.34 per share (total value ~$5,942).
• Transaction type: Award/Grant (derivative — phantom stock units) (code A).
• Shares owned after the transaction: not specified in the filing.
• Footnotes of note:
  • F1: The security converts to common stock on a one‑for‑one basis.
  • F2: References distribution/conditions after termination of director service.
  • F3: These are phantom stock units in the PPG Deferred Compensation Plan for Directors; they represent interests in an unfunded unitized company stock fund (stock and cash) and may fluctuate with fair market value and cash in the fund.
• Filing: Report filed 2026-06-15 for a 2026-06-12 transaction; the filing appears to be timely.

Context

• These were director compensation units (phantom stock) rather than a market purchase or sale. Phantom units typically convert to actual shares later (here, on a 1:1 basis per the filing) or are paid out under plan rules, so this award is primarily a compensation event—not a direct disclosure of the director buying or selling stock as a market signal. The dollar value of this grant is modest (~$5.9k).