Massy Robert L. 4

What Happened

• Robert L. Massy, Senior Vice President and Chief Human Resources Officer of PPG Industries (PPG), was granted 0.256 derivative shares (an award) on March 13, 2026. The grant is recorded at $101.89 per share, giving a notional value of approximately $26. This was an award of phantom stock units (derivative), not an open-market purchase or sale.

Key Details

• Transaction type/code: Award/Grant (A) — derivative security.
• Transaction date and reported filing: 2026-03-13 (period of report); Form 4 filed 2026-03-16 (filed timely).
• Price/value: 0.256 units × $101.89 = ~$26 (notional).
• Shares owned after transaction: The filing does not list a post-transaction common-share total for Massy; the grant adds 0.256 phantom units to his deferred compensation balance.
• Notable footnotes:
  • F1: The derivative security converts to common stock on a one-for-one basis.
  • F2: Payment/conversion is tied to termination of employment (per the footnote).
  • F3: These are phantom stock units held in PPG’s Deferred Compensation Plan — an unfunded unitized stock/cash fund whose attributed share count/value can fluctuate with the company’s stock price and cash in the fund.

Context

• This award represents deferred compensation (phantom stock) rather than an immediate purchase of common shares; it grants an economic interest that may convert to common shares or cash per plan rules. The dollar amount is small (~$26) and is likely a routine compensation credit rather than a material insider buy or sell.