Massy Robert L. 4
Research Summary
AI-generated summary
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.