PPG Industries CHRO Acquires Phantom Stock via Deferred Compensation
PPG INDUSTRIES INC
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Filing Summary
📊 PPG Industries Inc ($PPG) Insider: Robert L. Massy (Sr. VP and Chief HR Officer) Transaction: Acquired 15.62 Phantom Stock Units at $107.81 ($1,683.59 total) Post-Transaction Holdings: 222.91 units Significance: Low (Deferred Compensation Plan)
Comprehensive Analysis
Transaction Overview
On October 15, 2026, Robert L. Massy, Senior Vice President and Chief Human Resources Officer of PPG Industries, Inc. ($PPG), acquired 15.6163 phantom stock units at a price of $107.81 per unit, representing a total value of approximately $1,683.59.
Filing Details & Mechanics
- Security Type: Phantom Stock Units, convertible into common stock on a 1-for-1 basis.
- Transaction Nature: The phantom stock units were acquired through the PPG Industries, Inc. Deferred Compensation Plan, which operates as an unfunded unitized company stock fund.
- Settlement Terms: Units are payable following termination of employment with the company.
- Ownership Status: Following the reported transaction, Robert L. Massy directly holds 222.9068 phantom stock units.
Market & Strategic Impact
This filing reflects routine executive participation in an employer-sponsored deferred compensation plan rather than discretionary open-market buying or selling. Given the automated nature and nominal transaction size, this event carries low trading significance for market participants.
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Important Disclaimer
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