PPG Industries Director Guillermo Novo Acquires Phantom Stock Units
PPG INDUSTRIES INC
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Filing Summary
š Form 4 Filing: PPG INDUSTRIES INC ($PPG) š¤ Insider: NOVO GUILLERMO (Director) š Transaction Date: 2026-09-11 š Type: Phantom Stock Units Acquisition š¹ Shares: 126.87 @ $105.50 š° Value: $13,384.41 š Post-Transaction Holdings: 13,631.34 units ā” Significance: Low (Director Deferred Comp)
Comprehensive Analysis
Executive Summary
On September 14, 2026, PPG Industries, Inc. ($PPG) Director Guillermo Novo reported the acquisition of 126.8664 Phantom Stock Units on September 11, 2026, valued at $105.50 per unit (total transaction value of ~$13,384.41).
Transaction Breakdown
- Security: Phantom Stock Units (convertible to common stock on a 1-for-1 basis upon termination of board service).
- Transaction Code:
A(Award / Acquisition via the PPG Industries, Inc. Deferred Compensation Plan for Directors). - Volume: 126.8664 units.
- Price per Unit: $105.50.
- Post-Transaction Total: 13,631.3376 phantom stock units.
Market & Governance Impact
This filing reflects routine quarterly director compensation deferral into phantom stock units rather than an open-market transaction. The small transaction size and routine nature indicate low trading and market significance.
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