Robert L. Massy, Senior Vice President and Chief HR Officer of PPG Industries, Inc., filed a Form 4 with the SEC on September 1, 2026, reporting a derivative securities transaction dated August 31, 2026.

Key Highlights

  • Reporting person: Robert L. Massy, Sr. VP and Chief HR Officer of PPG Industries, Inc.
  • Transaction date: August 31, 2026, involving Phantom Stock Units acquired under the PPG Industries, Inc. Deferred Compensation Plan.
  • Units acquired: 0.305 Phantom Stock Units, at a price of $112.17 per unit.
  • Total holdings following transaction: 173.5604 Phantom Stock Units held in the Deferred Compensation Plan, owned directly.
  • Conversion terms: According to the filing, the security converts to common stock on a one-for-one basis, exercisable after termination of employment with PPG.
  • Signatory: The form was signed by Greg E. Gordon as Attorney-in-Fact for Robert L. Massy on September 1, 2026.

Massy's Phantom Stock Unit Acquisition in PPG's Deferred Compensation Plan

According to the filing, Robert L. Massy, identified as Sr. VP and Chief HR Officer, acquired 0.305 Phantom Stock Units in PPG Industries, Inc. (NYSE:PPG) on August 31, 2026, at a price of $112.17. The transaction was coded "A," indicating an acquisition. No Table I non-derivative securities transactions were reported in this filing.

The filing describes Phantom Stock Units as interests in "an unfunded unitized company stock fund comprised of stock and cash." Each unit converts to common stock on a one-for-one basis, but only becomes exercisable after the reporting person's termination of employment with PPG. The filing further notes that "the number of shares attributed to the reporting person 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 the reported transaction, Massy's total Phantom Stock Units held in the Deferred Compensation Plan stood at 173.5604, held in direct ownership form. No indirect ownership or additional derivative positions were reported. The form was filed by one reporting person, and no amendment date was indicated, suggesting this was an original filing.

What Was Disclosed

The filing reported the acquisition of 0.305 Phantom Stock Units at $112.17 by PPG Industries' Sr. VP and Chief HR Officer, bringing total plan holdings to 173.5604 units, convertible to common stock upon termination of employment.