Massy Robert L. 4
Research Summary
AI-generated summary
PPG HR Chief Robert Massy Receives Phantom Stock Award
What Happened
Robert L. Massy, Senior Vice President and Chief HR Officer of PPG Industries (PPG), received an award of 0.217 shares (derivative phantom stock units) on 2026-06-15 at an attributed value of $121.53 per share, totaling approximately $26. This was an award/grant (transaction code A) under a deferred compensation/phantom stock plan, not an open-market purchase.
Key Details
- Transaction date and price: 2026-06-15; 0.217 shares attributed at $121.53 per share (total ≈ $26).
- Transaction type: Award/Grant of derivative phantom stock units (code A).
- Shares owned after transaction: Not specified in the filing.
- Footnotes of note:
- F1: Units convert to common stock on a one-for-one basis.
- F2: Conversion/settlement tied to termination of employment.
- F3: Units are phantom stock units in the PPG Deferred Compensation Plan; their credited share count/value can fluctuate with the plan fund.
- Filing timeliness: Report filed 2026-06-16 for a 2026-06-15 transaction (appears timely). No 10b5-1 or tax-withholding notation in this filing.
Context: Phantom stock units are derivative, deferred-compensation awards that track the value of common shares but do not immediately represent tradable stock. They are typically part of executive compensation and do not necessarily indicate a personal purchase or sale decision by the insider.