PPG Sr. VP Robert Massy Receives Phantom Stock Award (0.305 shares)

What Happened

• Robert L. Massy, Senior Vice President and Chief Human Resources Officer of PPG Industries (PPG), was granted 0.305 phantom stock units on 2026-08-31. The grant is reported as an acquisition (award) at an attributed price of $112.17 per share for a total value of approximately $34. This is a compensation award (derivative), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-31; filing date: 2026-09-01 (Form 4).
• Award amount: 0.305 phantom stock units; attributed price $112.17; total value ≈ $34.
• Transaction code: A (award/grant); security reported as a derivative instrument.
• Footnotes: F1 — units convert to common stock on a one-for-one basis; F2 — relates to timing after termination of employment; F3 — units are phantom stock in PPG’s Deferred Compensation Plan and represent interests in a unitized stock/cash fund (unit counts may change with plan valuation).
• Shares owned after transaction: not specified in the provided transaction line.

Context

• This was a grant of phantom stock units tied to PPG’s deferred compensation plan. Such derivative awards track the value of company shares and are typically part of executive compensation rather than a direct market buy signal. The filing appears timely (filed the business day after the grant).