Robert L. Massy, Senior Vice President and Chief HR Officer of PPG Industries, Inc., filed a Form 4 on November 2, 2026, disclosing the acquisition of 13.9007 phantom stock units in the company's Deferred Compensation Plan on October 30, 2026.

Key Highlights

  • Reporting person: Robert L. Massy, Sr. VP and Chief HR Officer of PPG Industries, Inc. (NYSE:PPG)
  • Transaction date: October 30, 2026
  • Securities acquired: 13.9007 phantom stock units, coded as an acquisition (A) in Table II
  • Price per unit: $119.52
  • Total phantom stock units held after transaction: 236.8075
  • Conversion basis: Each phantom stock unit converts to common stock on a one-for-one basis, according to the filing
  • Exercisability: Units become exercisable after termination of employment with PPG, as noted in the filing's footnotes

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

According to the filing, Robert L. Massy acquired 13.9007 phantom stock units on October 30, 2026, under the PPG Industries, Inc. Deferred Compensation Plan. The transaction was recorded at a price of $119.52 per unit. The filing identifies these units as derivative securities that convert to common stock on a one-for-one basis. Following the reported transaction, Massy's total holdings of phantom stock units in the plan stood at 236.8075.

The filing includes a footnote explaining the nature of these units: "Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash." 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 units are convertible after termination of employment with PPG, as disclosed in the filing.

No transactions in non-derivative securities (Table I) were reported in this filing. The Form 4 was signed by Greg E. Gordon as Attorney-in-Fact for Robert L. Massy and filed on November 2, 2026. The filing does not indicate that the transaction was made pursuant to a Rule 10b5-1(c) plan.

What Was Disclosed

PPG Industries' Sr. VP and Chief HR Officer Robert L. Massy filed a Form 4 disclosing the acquisition of 13.9007 phantom stock units at $119.52 each on October 30, 2026, bringing his total plan holdings to 236.8075 units, convertible to common stock after employment ends.