PPG (NYSE: PPG) HR chief receives new phantom stock units

Rhea-AI Filing Summary

PPG Industries senior vice president and chief HR officer Robert L. Massy received a grant of 0.2056 phantom stock units tied to PPG common stock. These units convert to common shares on a one-for-one basis and are scheduled to be paid after termination of employment with PPG.

The units are held in the PPG Industries Deferred Compensation Plan, where phantom stock units represent interests in an unfunded company stock fund made up of stock and cash. Following this grant, Massy holds a total of 167.5345 phantom stock units in the plan, a figure that can change over time with stock price and cash movements in the fund.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Massy Robert L.

(Last) (First) (Middle)

PPG INDUSTRIES, INC.

ONE PPG PLACE

(Street)

PITTSBURGH PA 15272

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PPG INDUSTRIES INC [ PPG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. VP and Chief HR Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units	(1)	02/13/2026		A		0.2056		(2)	(2)	Common Stock	0.2056	$131.34	167.5345(3)	D

Explanation of Responses:

1. The security converts to common stock on a one-for-one basis.

2. After termination of employment with PPG.

3. Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan. Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund.

Remarks:

	/s/ Greg E. Gordon, Attorney-in-Fact for Robert L. Massy	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did PPG (PPG) disclose in Robert L. Massys latest Form 4 filing?

PPG disclosed that senior vice president and chief HR officer Robert L. Massy acquired 0.2056 phantom stock units. These units are linked to PPG common stock, convert one-for-one into shares, and are held within the companys Deferred Compensation Plan.

How many phantom stock units did Robert L. Massy receive from PPG (PPG)?

Robert L. Massy received a grant of 0.2056 phantom stock units. The units are valued using a reference price of $131.3400 per unit and are part of his participation in PPG Industries Deferred Compensation Plan tied to company stock.

What is Robert L. Massys total phantom stock balance with PPG (PPG) after this grant?

After this grant, Robert L. Massy holds a total of 167.5345 phantom stock units. This total reflects all units credited under PPG Industries Deferred Compensation Plan and may change as PPGs stock price and related cash balances move.

How do PPG (PPG) phantom stock units reported for Robert L. Massy convert into common shares?

The phantom stock units convert into PPG common stock on a one-for-one basis. Each unit represents an interest in a unitized company stock fund, ultimately designed to mirror the value of a single share of PPG common stock upon distribution.

When are Robert L. Massys PPG (PPG) phantom stock units scheduled to be paid out?

The phantom stock units are scheduled to be paid after Robert L. Massys termination of employment with PPG. Until then, they remain as bookkeeping entries in the Deferred Compensation Plan, tracking PPG stock and associated cash in the plans unitized fund.

What does the PPG (PPG) Deferred Compensation Plan footnote say about phantom stock unit fluctuations?

The footnote explains that the number of phantom stock units attributed to Robert L. Massy may change over time without his volition. Changes depend on PPGs stock fair market value and the amount of cash held in the plans company stock fund.