PPG Industries: director Guillermo Novo received 383.313 shares

What happened Guillermo Novo, a director of PPG Industries, received 383.313 derivative shares (phantom stock units) at $104.67 per share on Oct 1, 2026, with a reported value of $40,121.

Key details

• Transaction date and price: Oct 1, 2026 at $104.67 per share.
• Amount: 383.313 shares; total reported value $40,121.
• Transaction code: A (award/grant); derivative transaction (phantom stock units).
• Shares owned after the transaction: not reported in the filing.
• Footnotes: F1 — the security converts to common stock on a one-for-one basis; F2 — conversion/settlement occurs after termination of service as a director; F3 — these are phantom stock units in the PPG Deferred Compensation Plan for Directors and the attributed number may change with the fund’s fair market value and cash.
• Filing date: Oct 2, 2026.

Why it may matter

• This was an award of phantom stock units, not a market purchase or sale.
• The units convert one-for-one to common stock and may not settle until after termination of service.
• This filing does not show why the insider traded or why the company acted.