PPG Industries Director Leon J. Topalian Acquires Phantom Stock Units
PPG INDUSTRIES INC
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Filing Summary
📊 Form 4 Filing: PPG INDUSTRIES INC ($PPG) Insider: Topalian Leon J (Director) Action: Acquisition (Code A) Security: Phantom Stock Units Shares: 22.25 @ $105.50 Total Value: ~$2,347.38 Post-Transaction Holdings: 1,273.0923 units Filing Date: 2026-09-14
Comprehensive Analysis
Executive Summary
On September 14, 2026, PPG Industries, Inc. ($PPG) filed a Form 4 disclosing that Director Leon J. Topalian acquired 22.25 Phantom Stock Units on September 11, 2026, at a price of $105.50 per unit, for a total value of approximately $2,347.38.
Transaction Details
- Insider: Leon J. Topalian (Director)
- Security: Phantom Stock Units (convertible to Common Stock on a 1-for-1 basis upon termination of service)
- Transaction Type: Acquisition (Transaction Code: A)
- Shares Transacted: 22.25 units
- Price Per Share: $105.50
- Total Transaction Value: $2,347.38
- Post-Transaction Beneficial Ownership: 1,273.0923 units
Plan Context & Impact
The phantom stock units were acquired under the PPG Industries, Inc. Deferred Compensation Plan for Directors. Due to the routine nature of deferred compensation plan allocations and the small dollar value, this transaction carries low informational and market trading significance.
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