PPG Industries Director Gary R. Heminger Acquires Phantom Stock Units via Deferred Compensation
PPG INDUSTRIES INC
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Filing Summary
PPG Industries Inc ($PPG) Form 4 Filing Update
Insider: Gary R. Heminger (Director) Transaction Date: September 11, 2026 Security: Phantom Stock Units Type: Acquisition (Award / Deferred Comp) Shares: 118.7692 @ $105.50 (~$12,530.15) Post-Transaction Holdings: 12,935.902 units Significance: Low (Routine Director Deferred Comp)
Comprehensive Analysis
Executive Summary
On September 14, 2026, PPG Industries, Inc. ($PPG) filed a Form 4 reporting an acquisition of phantom stock units by Director Gary R. Heminger. The transaction occurred on September 11, 2026, representing routine participation in the company's Deferred Compensation Plan for Directors.
Transaction Details
- Insider Name: Gary R. Heminger
- Relationship: Director
- Security: Phantom Stock Units (convertible to common stock 1-for-1 upon termination of service)
- Transaction Code: A (Grant/Award)
- Amount: 118.7692 phantom shares
- Price per Unit: $105.50
- Total Value: $12,530.15
- Post-Transaction Beneficial Ownership: 12,935.902 phantom stock units
Market Sentiment & Significance
The filing indicates low market significance as the transaction reflects routine deferred compensation credited to the director's account rather than an open-market purchase or discretionary disposal.
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