PPG Sr. VP Robert Massy Receives Award of 16.144 Shares

What Happened Robert L. Massy, Senior Vice President and Chief Human Resources Officer of PPG Industries, received a grant/award of 16.144 derivative shares on September 15, 2026. The filing shows an attributed value of $104.89 per share, for a total value of $1,693. This was an award (code A) of phantom/derivative units, not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-09-15 — 16.144 units at $104.89 each (total $1,693).
• Transaction type: Award/grant of derivative (phantom) stock units (Form 4 code A).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes of note:
  • F1: Each unit converts to common stock on a one-for-one basis.
  • F2: Conversion/payment may occur after termination of employment.
  • F3: Units are phantom stock units in the PPG Deferred Compensation Plan; their credited share count/value can change based on the plan fund's stock and cash composition.
• Filing timeliness: Report filed 2026-09-16 for a 2026-09-15 transaction (within standard Form 4 reporting window).

Context This was a derivative award under PPG’s deferred compensation/phantom stock arrangement rather than a market purchase or sale. Such awards are typically part of compensation or retention programs and do not by themselves signal immediate buying or selling in the open market. The units may convert to actual shares or cash according to plan terms (including possible payout timing after employment ends).