A Statement of Changes in Beneficial Ownership filed on August 4, 2026 disclosed that Robert L. Massy, Senior Vice President and Chief HR Officer of PPG Industries, Inc. (NYSE: PPG), acquired phantom stock units in the company's Deferred Compensation Plan on July 31, 2026.

Key Highlights

  • Reporting person: Robert L. Massy, identified as Sr. VP and Chief HR Officer of PPG Industries, Inc.
  • Transaction date: July 31, 2026, with the filing submitted on August 4, 2026.
  • Units acquired: 0.3057 Phantom Stock Units acquired (transaction code A) at a price of $110.52.
  • Total holdings: Following the transaction, Massy held 173.1083 Phantom Stock Units in total, owned directly.
  • Conversion terms: According to the filing, the Phantom Stock Units convert to common stock on a one-for-one basis.
  • Settlement timing: The filing states that the security becomes exercisable after termination of employment with PPG.

PPG Industries Deferred Compensation Plan: Transaction Details and Unit Structure

According to the filing, Robert L. Massy, an officer of PPG Industries, Inc., a global coatings and specialty materials company headquartered at One PPG Place in Pittsburgh, Pennsylvania, acquired 0.3057 Phantom Stock Units on July 31, 2026. The acquisition was recorded under transaction code A, indicating securities acquired, and was reported as a directly held derivative security at a price of $110.52 per unit.

The filing describes Phantom Stock Units as interests in "an unfunded unitized company stock fund comprised of stock and cash." As noted in the filing's explanation of responses, the number of shares attributed to Massy as a plan participant "may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund." Following this transaction, the total Phantom Stock Units held by Massy in the PPG Industries, Inc. Deferred Compensation Plan stood at 173.1083 units. The filing confirms that each unit converts to PPG common stock on a one-for-one basis, with conversion occurring after termination of employment. The document was signed by Greg E. Gordon as Attorney-in-Fact for Robert L. Massy on August 4, 2026.

What Was Disclosed

The filing reported the acquisition of 0.3057 Phantom Stock Units by PPG Industries officer Robert L. Massy on July 31, 2026, at $110.52, bringing his total holdings in the company's Deferred Compensation Plan to 173.1083 units.