Massy Robert L. 4

What Happened

• Robert L. Massy, Senior Vice President and Chief Human Resources Officer of PPG Industries, received an award of 0.884 phantom stock units (reported as a derivative acquisition) on 2026-06-12. The units were valued at $119.34 per share, for a reported total value of approximately $106. This was an award/grant (not an open-market purchase or sale) as part of a deferred compensation arrangement.

Key Details

• Transaction date: 2026-06-12; Filing date: 2026-06-15.
• Transaction type/code: Award/Grant (A); Derivative security.
• Amount: 0.884 shares; Price reported: $119.34 per share; Total reported value: ~$106.
• Shares owned after transaction: Not specified in this Form 4.
• Notable footnotes: F1 — the security converts to common stock on a one-for-one basis; F3 — these are phantom stock units in PPG’s Deferred Compensation Plan (an unfunded unitized stock/cash fund whose attributed share count can change with fair market value); F2 notes timing related to termination of employment.
• No indication in the filing that shares were sold or that this was a cashless exercise.

Context

• Phantom stock units are a form of deferred compensation that track stock value but do not represent immediate tradable shares; conversion/payout rules (including possible distribution after employment ends) are governed by the plan (see footnotes). The economic value reported here (~$106) is immaterial relative to typical insider trades and does not by itself indicate a market view.