PPG Industries CHRO Robert L. Massy Acquires Phantom Stock Units via Deferred Comp Plan

Overview & Significance

On November 2, 2026, Robert L. Massy, Senior Vice President and Chief Human Resources Officer of PPG Industries Inc ($PPG), reported an acquisition of 13.9007 phantom stock units on October 30, 2026. The transaction value totaled approximately $1,661.41 at a reference price of $119.52 per unit.

This transaction carries Low trading significance as it represents a routine non-discretionary allocation within the company's Deferred Compensation Plan rather than an open-market insider purchase.

Transaction Details

• Security: Phantom Stock Units (convertible to Common Stock on a 1-for-1 basis upon termination of employment)
• Transaction Code: 'A' (Grant, award, or other acquisition)
• Quantity: 13.9007 units
• Price: $119.52 per share
• Total Transaction Value: ~$1,661.41
• Post-Transaction Holdings: 236.8075 phantom stock units held directly

Contextual Factors

As noted in the filing, these phantom stock units are held in an unfunded unitized company stock fund under the PPG Industries, Inc. Deferred Compensation Plan. Such periodic acquisitions reflect ongoing deferred compensation contributions or dividend reinvestments and do not reflect active open-market sentiment by the executive.