Ericson Amy R. 4

What Happened

• Amy R. Ericson, Senior Vice President, P&M Coatings at PPG Industries, was granted 1.012 derivative units (phantom stock units) on 2026-06-12. Each unit is valued at $119.34, for a total reported value of approximately $121. This was an award/grant (Form 4 code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-12; Filing date: 2026-06-15 (timely filing).
• Amount: 1.012 units at $119.34 per unit; total reported value ≈ $121.
• Shares owned after transaction: not specified in the filing.
• Footnotes of note:
  • F1: The derivative security converts to common stock on a one-for-one basis.
  • F2: Conversion/entitlement may occur after termination of employment.
  • F3: These are phantom stock units held in PPG’s Deferred Compensation Plan; their credited number/value can change with the plan fund’s composition (stock and cash).
• This transaction is an award (compensation), not a purchase (which might be seen as a direct bullish signal) or a sale.

Context

• Phantom stock units are a form of deferred compensation that track company stock value; they do not represent immediate share ownership and typically pay out in stock or cash per plan rules. Per the filing, these units convert one-for-one to common stock and may vest or be payable subject to employment/plan provisions.