[Form 4] PPG Industries, Inc. Insider Trading Activity
Robert L. Massy, Sr. VP and Chief HR Officer and a director of PPG Industries, reported a change in beneficial ownership on Form 4 dated 08/15/2025. The filing shows an acquisition of phantom stock units credited at 0.0712 units (transaction coded A) with a price listed as $111.8. After the reported transaction the filing shows 44.8087 shares (or share-equivalents) beneficially owned by Massy in a deferred compensation plan. The phantom units convert to common stock one-for-one and are payable after termination of employment. The form was signed by an attorney-in-fact on behalf of Massy on 08/18/2025.
Robert L. Massy, Senior VP e Chief HR Officer nonch茅 membro del CdA di PPG Industries, ha dichiarato una variazione nella titolarit脿 beneficiaria con il Form 4 datato 15/08/2025. La comunicazione riporta l'acquisizione di unit脿 di phantom stock accreditate per 0,0712 unit脿 (operazione codificata A) a un prezzo indicato di $111,8. Dopo la transazione, il documento evidenzia 44,8087 azioni (o equivalenti azionari) di cui Massy 猫 beneficiario in un piano di compensazione differita. Le phantom units si convertono in azioni ordinarie in rapporto uno a uno e sono pagabili al termine del rapporto di lavoro. Il modulo 猫 stato firmato per procura a nome di Massy il 18/08/2025.
Robert L. Massy, vicepresidente senior y director de Recursos Humanos y miembro del consejo de PPG Industries, inform贸 un cambio en la propiedad beneficiaria mediante el Formulario 4 con fecha 15/08/2025. La presentaci贸n muestra la adquisici贸n de unidades de phantom stock acreditadas en 0,0712 unidades (operaci贸n codificada A) con un precio listado de $111,8. Tras la transacci贸n, la declaraci贸n indica que Massy posee beneficiariamente 44,8087 acciones (o equivalentes) en un plan de compensaci贸n diferida. Las phantom units se convierten en acciones ordinarias a raz贸n de una por una y se pagan al finalizar la relaci贸n laboral. El formulario fue firmado por un apoderado en nombre de Massy el 18/08/2025.
搿滊矂韸� L. 毵れ嫓(Robert L. Massy)電� PPG 鞚鸽崝鞀ろ姼毽潣 靾橃劃 攵�靷灔 瓴� 斓滉碃鞚胳偓毂呾瀯鞛愳澊鞛� 鞚挫偓搿滌劀 2025雲� 8鞗� 15鞚� 鞛� Form 4鞐� 靻岇湢甓� 氤�霃欖潉 氤搓碃頄堨姷雼堧嫟. 鞝滌稖靹滊鞐愲姅 瓯半灅 旖旊摐 A搿� 響滌嫓霅� 韺厐 鞀ろ啞 鞙犽嫑(phantom stock units) 0.0712 雼渼 旆摑鞚�, 臧�瓴╈潃 $111.8搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 頃措嫻 瓯半灅 頉� 鞝滌稖靹滊鞐愲姅 毵れ嫓臧� 鞚挫棸 氤挫儊 頂岆灉鞐愳劀 44.8087 欤�(霕愲姅 欤� 霌标皜)毳� 鞁れ鞝侅溂搿� 氤挫湢頃橁碃 鞛堧姅 瓴冹溂搿� 雮橃檧 鞛堨姷雼堧嫟. 韺厐 鞙犽嫑鞚� 1雽�1 牍勳湪搿� 氤错喌欤茧 鞝勴櫂霅橂┌, 瓿犾毄 膦呺 鞁� 歆�旮夒惄雼堧嫟. 鞏戩嫕鞚� 2025雲� 8鞗� 18鞚� 毵れ嫓毳� 雽�鞁犿暣 雽�毽澑鞚� 靹滊獏頄堨姷雼堧嫟.
Robert L. Massy, vice-pr茅sident principal et directeur RH ainsi que membre du conseil d'administration de PPG Industries, a d茅clar茅 un changement de propri茅t茅 b茅n茅ficiaire sur le Formulaire 4 dat茅 du 15/08/2025. Le d茅p么t indique l'acquisition de unit茅s de phantom stock cr茅dit茅es 脿 0,0712 unit茅 (transaction cod茅e A) au prix indiqu茅 de 111,8 $. Apr猫s la transaction signal茅e, le formulaire montre que Massy d茅tient 脿 titre b茅n茅ficiaire 44,8087 actions (ou 茅quivalents d'actions) dans un plan de r茅mun茅ration diff茅r茅e. Les phantom units se convertissent en actions ordinaires 脿 raison d'une pour une et sont payables 脿 la cessation de l'emploi. Le formulaire a 茅t茅 sign茅 par un mandataire au nom de Massy le 18/08/2025.
Robert L. Massy, Senior VP und Chief HR Officer sowie Director von PPG Industries, meldete eine Ver盲nderung der wirtschaftlichen Eigent眉merschaft im Form 4 vom 15.08.2025. Die Einreichung zeigt den Erwerb von Phantom-Aktieneinheiten in H枚he von 0,0712 Einheiten (Transaktion kodiert A) zu einem angegebenen Preis von $111,8. Nach der gemeldeten Transaktion weist das Formular 44,8087 Aktien (oder aktien盲quivalente) aus, die Massy in einem aufgeschobenen Verg眉tungsplan wirtschaftlich besitzt. Die Phantom-Einheiten wandeln sich eins zu eins in Stammaktien um und werden nach Beendigung des Arbeitsverh盲ltnisses ausgezahlt. Das Formular wurde am 18.08.2025 von einem Bevollm盲chtigten im Namen von Massy unterzeichnet.
- Disclosure clarity: The filing clearly states conversion terms (one-for-one) and that units are held in the Deferred Compensation Plan.
- Modest change in ownership: Post-transaction beneficial ownership is specified as 44.8087 share-equivalents, indicating transparency about the insider's position.
- No material negative developments reported: The transaction is a plan credit/phantom unit allocation and does not indicate sales, dilution, or governance shifts.
Insights
TL;DR: Insider received a small allocation of phantom stock units that convert one-for-one to shares, increasing reported beneficial ownership modestly.
The filing documents a routine grant/allocation of phantom stock units under PPG's deferred compensation plan rather than an open-market purchase or sale. The units are described as interests in an unfunded unitized company stock fund and may fluctuate with the plan's composition of stock and cash. The 0.0712 unit amount in the transaction and the post-transaction total of 44.8087 indicate the change is immaterial to overall outstanding common equity; the filing contains no cash exercise or sale transaction and no change to direct governance rights at this time.
TL;DR: Disclosure appears complete for this type of deferred compensation credit; no red flags or material governance changes disclosed.
The Form 4 provides required detail on the nature of the phantom stock units, conversion mechanics (one-for-one to common stock), and timing (payable after termination). It clarifies the units are held in the company's Deferred Compensation Plan and that share-equivalents can change with fair market value and cash in the fund. There is no indication of related-party transactions or adjustments beyond routine plan accounting in the filing.
Robert L. Massy, Senior VP e Chief HR Officer nonch茅 membro del CdA di PPG Industries, ha dichiarato una variazione nella titolarit脿 beneficiaria con il Form 4 datato 15/08/2025. La comunicazione riporta l'acquisizione di unit脿 di phantom stock accreditate per 0,0712 unit脿 (operazione codificata A) a un prezzo indicato di $111,8. Dopo la transazione, il documento evidenzia 44,8087 azioni (o equivalenti azionari) di cui Massy 猫 beneficiario in un piano di compensazione differita. Le phantom units si convertono in azioni ordinarie in rapporto uno a uno e sono pagabili al termine del rapporto di lavoro. Il modulo 猫 stato firmato per procura a nome di Massy il 18/08/2025.
Robert L. Massy, vicepresidente senior y director de Recursos Humanos y miembro del consejo de PPG Industries, inform贸 un cambio en la propiedad beneficiaria mediante el Formulario 4 con fecha 15/08/2025. La presentaci贸n muestra la adquisici贸n de unidades de phantom stock acreditadas en 0,0712 unidades (operaci贸n codificada A) con un precio listado de $111,8. Tras la transacci贸n, la declaraci贸n indica que Massy posee beneficiariamente 44,8087 acciones (o equivalentes) en un plan de compensaci贸n diferida. Las phantom units se convierten en acciones ordinarias a raz贸n de una por una y se pagan al finalizar la relaci贸n laboral. El formulario fue firmado por un apoderado en nombre de Massy el 18/08/2025.
搿滊矂韸� L. 毵れ嫓(Robert L. Massy)電� PPG 鞚鸽崝鞀ろ姼毽潣 靾橃劃 攵�靷灔 瓴� 斓滉碃鞚胳偓毂呾瀯鞛愳澊鞛� 鞚挫偓搿滌劀 2025雲� 8鞗� 15鞚� 鞛� Form 4鞐� 靻岇湢甓� 氤�霃欖潉 氤搓碃頄堨姷雼堧嫟. 鞝滌稖靹滊鞐愲姅 瓯半灅 旖旊摐 A搿� 響滌嫓霅� 韺厐 鞀ろ啞 鞙犽嫑(phantom stock units) 0.0712 雼渼 旆摑鞚�, 臧�瓴╈潃 $111.8搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 頃措嫻 瓯半灅 頉� 鞝滌稖靹滊鞐愲姅 毵れ嫓臧� 鞚挫棸 氤挫儊 頂岆灉鞐愳劀 44.8087 欤�(霕愲姅 欤� 霌标皜)毳� 鞁れ鞝侅溂搿� 氤挫湢頃橁碃 鞛堧姅 瓴冹溂搿� 雮橃檧 鞛堨姷雼堧嫟. 韺厐 鞙犽嫑鞚� 1雽�1 牍勳湪搿� 氤错喌欤茧 鞝勴櫂霅橂┌, 瓿犾毄 膦呺 鞁� 歆�旮夒惄雼堧嫟. 鞏戩嫕鞚� 2025雲� 8鞗� 18鞚� 毵れ嫓毳� 雽�鞁犿暣 雽�毽澑鞚� 靹滊獏頄堨姷雼堧嫟.
Robert L. Massy, vice-pr茅sident principal et directeur RH ainsi que membre du conseil d'administration de PPG Industries, a d茅clar茅 un changement de propri茅t茅 b茅n茅ficiaire sur le Formulaire 4 dat茅 du 15/08/2025. Le d茅p么t indique l'acquisition de unit茅s de phantom stock cr茅dit茅es 脿 0,0712 unit茅 (transaction cod茅e A) au prix indiqu茅 de 111,8 $. Apr猫s la transaction signal茅e, le formulaire montre que Massy d茅tient 脿 titre b茅n茅ficiaire 44,8087 actions (ou 茅quivalents d'actions) dans un plan de r茅mun茅ration diff茅r茅e. Les phantom units se convertissent en actions ordinaires 脿 raison d'une pour une et sont payables 脿 la cessation de l'emploi. Le formulaire a 茅t茅 sign茅 par un mandataire au nom de Massy le 18/08/2025.
Robert L. Massy, Senior VP und Chief HR Officer sowie Director von PPG Industries, meldete eine Ver盲nderung der wirtschaftlichen Eigent眉merschaft im Form 4 vom 15.08.2025. Die Einreichung zeigt den Erwerb von Phantom-Aktieneinheiten in H枚he von 0,0712 Einheiten (Transaktion kodiert A) zu einem angegebenen Preis von $111,8. Nach der gemeldeten Transaktion weist das Formular 44,8087 Aktien (oder aktien盲quivalente) aus, die Massy in einem aufgeschobenen Verg眉tungsplan wirtschaftlich besitzt. Die Phantom-Einheiten wandeln sich eins zu eins in Stammaktien um und werden nach Beendigung des Arbeitsverh盲ltnisses ausgezahlt. Das Formular wurde am 18.08.2025 von einem Bevollm盲chtigten im Namen von Massy unterzeichnet.
FAQ
What did Robert L. Massy report on the Form 4 for PPG (PPG)?
How do the phantom stock units in this filing convert to PPG common stock?
When are the phantom stock units payable according to the filing?
What price is shown for the reported transaction on the Form 4?
Who signed the Form 4 for Robert L. Massy and when?
