Massy Robert L. 4
4 · PPG INDUSTRIES INC · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
PPG Sr. VP Robert Massy Receives Phantom Stock Award
What Happened
Robert L. Massy, Senior Vice President and Chief HR Officer of PPG Industries, received an award of 0.268 phantom stock units on June 30, 2026. The filing lists the per-share value as $121.29, putting the award value at about $32. This was an award (derivative), not an open‑market purchase or sale.
Key Details
- Transaction date and type: 2026-06-30 — Grant/Award (derivative units).
- Price/value: $121.29 per share; total value ≈ $32.
- Shares owned after transaction: Not specified in the filing.
- Footnotes of note:
- F1: Each unit converts to one common share on a one‑for‑one basis.
- F2: Distribution/convertibility occurs after termination of employment.
- F3: Units are phantom stock units in PPG’s Deferred Compensation Plan (unfunded, unitized stock/cash fund; unit counts can change with fair market value and fund cash).
- Filing timeliness: Report filed 2026-07-01 for a 2026-06-30 transaction — within standard Form 4 filing window.
Context
This is a routine equity award in the company’s deferred compensation plan and a derivative (phantom) unit rather than an immediate purchase of common stock. Such awards are compensation-related and typically payable or converted later (here, noted to occur after employment ends), so they do not necessarily signal near‑term trading intent.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3]2026-06-30$121.29/sh+0.268$32→ 172.409 total→ Common Stock (0.268 underlying)
Footnotes (3)
- [F1]The security converts to common stock on a one-for-one basis.
- [F2]After termination of employment with PPG.
- [F3]Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan. Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund.