PPG Sr. VP Robert Massy Receives 16.222-Share Award

What Happened
Robert L. Massy, Senior Vice President and Chief Human Resources Officer of PPG Industries (PPG), was granted 16.222 derivative shares (phantom stock units) on 2026-09-30. The award is recorded at $104.33 per share for a total value of approximately $1,692. This was an award/grant (not a purchase or sale).

Key Details

• Transaction date: 2026-09-30; filing date: 2026-10-01 (timely).
• Transaction type: Award/Grant of derivative security (code A).
• Shares/units granted: 16.222 at $104.33 each; total reported value ~$1,692.
• Security type: Derivative — phantom stock units in the PPG Deferred Compensation Plan.
• Conversion: Footnote F1 states the security converts to common stock on a one-for-one basis; F2 notes conversion after termination of employment; F3 explains these are phantom stock units (an unfunded unitized stock/cash fund whose share count/value may change with fair market value and cash in the fund).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Not late.

Context
This grant represents derivative compensation (phantom units) in a deferred compensation plan rather than an open-market purchase or sale. Phantom units track the value of PPG stock (and cash) and may convert to common shares on a one-for-one basis under the conditions noted (including after employment termination). Such awards are common compensation practices and do not, by themselves, indicate an insider buying or selling stock for investment reasons.