Robert L. Massy, Senior Vice President and Chief Human Resources Officer of PPG Industries, Inc., filed a Form 4 on August 17, 2026, reporting an acquisition of phantom stock units in the company's Deferred Compensation Plan on August 14, 2026.

Key Highlights

  • Reporting person: Robert L. Massy, Sr. VP and Chief HR Officer of PPG Industries, Inc.
  • Transaction date: August 14, 2026, involving 0.1471 phantom stock units acquired (transaction code A).
  • Price per unit: $114.11 at the time of acquisition.
  • Total holdings after transaction: 173.2554 phantom stock units held directly in the PPG Industries, Inc. Deferred Compensation Plan.
  • Conversion terms: Each phantom stock unit converts to common stock on a one-for-one basis, exercisable after termination of employment with PPG.
  • Filing signed by: Greg E. Gordon, Attorney-in-Fact for Robert L. Massy, on August 17, 2026.

Phantom Stock Unit Acquisition by PPG Industries Chief HR Officer

According to the filing, Robert L. Massy, who serves as Senior Vice President and Chief Human Resources Officer at PPG Industries, Inc. (NYSE:PPG), acquired 0.1471 phantom stock units on August 14, 2026, at a price of $114.11 per unit. The transaction was reported under transaction code A, indicating an acquisition. Following this transaction, Massy's total directly held phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan stood at 173.2554 units.

The filing describes phantom stock units as interests in "an unfunded unitized company stock fund comprised of stock and cash." According to the filing's explanation of responses, each unit converts to common stock on a one-for-one basis upon 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."

The Form 4 was filed by one reporting person and was signed by Greg E. Gordon as Attorney-in-Fact for Robert L. Massy on August 17, 2026. No non-derivative securities transactions were reported in Table I of the filing.

What Was Disclosed

The filing reported the acquisition of 0.1471 phantom stock units at $114.11 per unit on August 14, 2026, bringing Massy's total Deferred Compensation Plan holdings to 173.2554 units, each convertible to PPG common stock on a one-for-one basis after employment ends.