LAMACH MICHAEL W 4
4 · PPG INDUSTRIES INC · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
PPG Director Michael Lamach Receives 113 Phantom Stock Units
What Happened
- Michael W. Lamach, a director of PPG Industries, was granted 112.968 phantom stock units (derivative award) on 2026-03-12. The filing values the units at $100.73 each for a total reported value of $11,379. This was an award (code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-12; Filing date: 2026-03-13 (timely filing).
- Price/value: $100.73 per unit; total reported value $11,379.
- Shares/units granted: 112.968 phantom stock units.
- Ownership after transaction: Not reported in this filing.
- Derivative/plan details: These are phantom stock units held in the PPG Deferred Compensation Plan for Directors (footnote F3). Footnote F1 indicates conversion to common stock on a one-for-one basis; footnote F2 relates to conversion/vesting tied to termination of director service.
- Transaction type: Award (A); not a purchase (P) or sale (S).
Context
- Phantom stock units are a form of deferred compensation that track the value of company stock and are settled in stock and/or cash per plan rules. They are common director compensation and do not represent an open‑market buy or sell — therefore they should be viewed as compensation, not a direct trading signal.
Insider Transaction Report
Form 4
LAMACH MICHAEL W
Director
Transactions
- Award
Phantom Stock Units
[F1][F2][F3]2026-03-12$100.73/sh+112.968$11,379→ 14,097.464 total→ Common Stock (112.968 underlying)
Footnotes (3)
- [F1]The security converts to common stock on a one-for-one basis.
- [F2]After termination of service as a Director of PPG Industries, Inc.
- [F3]Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors. Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. 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.
Signature
/s/ Greg E. Gordon, Attorney-in-Fact for Michael W. Lamach|2026-03-13