PPG Industries Director Guillermo Novo Acquires Phantom Stock Units
PPG INDUSTRIES INC
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Filing Summary
# PPG Industries Inc (PPG) - Form 4 Filing
**Insider:** NOVO GUILLERMO (Director)
**Transaction Date:** 2026-10-01
**Type:** Acquisition (Award/Deferred Compensation) | Code: A
**Security:** Phantom Stock Units
**Shares:** 383.3125 @ $104.67
**Value:** $40,121.32
**Ending Balance:** 14,014.6501 units
Comprehensive Analysis
Executive Summary
On October 1, 2026, PPG Industries, Inc. (NYSE: PPG) director Guillermo Novo acquired 383.3125 phantom stock units at a stated price of $104.67 per unit, representing a total transaction value of approximately $40,121.32. The transaction was filed via Form 4 on October 2, 2026.
Transaction Details
- Security: Phantom Stock Units
- Transaction Code: A (Grant, award, or other acquisition pursuant to Rule 16b-3)
- Units Acquired: 383.3125
- Price per Unit: $104.67
- Total Value: $40,121.32
- Post-Transaction Holdings: 14,014.6501 phantom stock units held directly
- Terms: The phantom stock units convert to common stock on a 1-for-1 basis following termination of service as a Director under the PPG Industries, Inc. Deferred Compensation Plan for Directors.
Market Impact & Significance
This acquisition reflects routine non-employee director compensation via the company's deferred compensation plan rather than an open-market purchase. Consequently, the transaction carries low informational significance regarding near-term operational momentum or direct sentiment.
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