Juliane M. Hefel, Senior Vice President of Industrial Coatings and Specialty Products at PPG Industries, Inc. (NYSE:PPG), filed a Form 4 on November 2, 2026, disclosing an acquisition of phantom stock units on October 30, 2026.

Key Highlights

  • Reporting person: Juliane M. Hefel, identified as Sr. VP, Ind Coatings & Sp Prod at PPG Industries, Inc.
  • Transaction: Acquisition (Code A) of 0.1061 phantom stock units on October 30, 2026.
  • Price: The phantom stock units were acquired at $119.52 per unit, according to the filing.
  • Total holdings: Following the transaction, Hefel holds 1,431.8799 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.
  • Conversion: The filing states the security converts to common stock on a one-for-one basis, with conversion occurring after termination of employment with PPG.
  • Ownership form: The phantom stock units are held directly.

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

According to the Form 4 filed with the SEC, Juliane M. Hefel acquired 0.1061 phantom stock units in PPG Industries, Inc. on October 30, 2026, at a price of $119.52. The transaction is recorded under Table II - Derivative Securities, as phantom stock units are classified as derivative securities. The filing notes that these units represent interests in "an unfunded unitized company stock fund comprised of stock and cash."

The filing explains that the phantom stock units convert to common stock on a one-for-one basis upon termination of employment with PPG. Hefel's total holding of phantom stock units following this transaction stands at 1,431.8799 units, all held directly within the PPG Industries, Inc. Deferred Compensation Plan. 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."

The Form 4 was signed by Greg E. Gordon as Attorney-in-Fact for Juliane M. Hefel and filed on November 2, 2026. No transactions in non-derivative securities (Table I) were reported in this filing.

What Was Disclosed

Juliane M. Hefel, a senior officer at PPG Industries, Inc. (NYSE:PPG), disclosed the acquisition of 0.1061 phantom stock units on October 30, 2026, at $119.52 each, bringing her total plan holdings to 1,431.8799 phantom stock units.