PPG (PPG) CEO Timothy Knavish receives new phantom stock unit grant

Rhea-AI Filing Summary

PPG Industries Chairman and CEO Timothy M. Knavish received 31.4214 phantom stock units as a compensation-related award. These units mirror the value of PPG common stock on a one-for-one basis and generally convert to common shares after his employment with PPG ends. Following this grant, he holds a total of 12,602.1127 phantom stock units in the company’s deferred compensation plan.

Insights

Equity compensation analyst

Routine phantom stock award adds modest deferred equity for PPG’s CEO.

Chairman and CEO Timothy M. Knavish received 31.4214 phantom stock units tied to PPG Industries common stock. This is classified as a grant or award, typical for senior executive compensation and not an open-market purchase or sale.

The units convert into common stock on a one-for-one basis after his employment with PPG ends, making this a deferred, long-term incentive. After this award, he holds 12,602.1127 phantom stock units in the deferred compensation plan, which track PPG’s share price and associated cash in the unitized fund.

The number of units can change over time based on the fund’s mix of stock and cash and movements in the fair market value of PPG’s common stock. This filing mainly updates the record of his deferred equity position rather than signaling an active trading decision.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider KNAVISH TIMOTHY M

Role Chairman and CEO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	31.421	$121.29	$4K

Holdings After Transaction: Phantom Stock Units — 12,602.113 shares (Direct, null)

Footnotes (1)

1. The security converts to common stock on a one-for-one basis. After termination of employment with PPG. 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.

Key Figures

Phantom stock units granted: 31.4214 units Total phantom units after grant: 12,602.1127 units Reference price per unit: $121.2900 per unit +1 more

4 metrics

Phantom stock units granted 31.4214 units Grant of phantom stock units to CEO on June 30, 2026

Total phantom units after grant 12,602.1127 units CEO’s total phantom stock holdings in deferred compensation plan

Reference price per unit $121.2900 per unit Price per phantom stock unit reported for this grant

Conversion ratio 1 unit : 1 share Phantom stock units convert to common stock one-for-one

Key Terms

Phantom Stock Units, Deferred Compensation Plan, unitized company stock fund, Grant, award, or other acquisition

4 terms

Phantom Stock Units financial

"Phantom stock units represent interests in an unfunded unitized company stock fund"

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

Deferred Compensation Plan financial

"Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan."

A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.

unitized company stock fund financial

"Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash."

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 01:50 PM Accepted by SEC EDGAR 07/01/2026 - 01:50 PM Learn about SEC filing dates

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^*

KNAVISH TIMOTHY M

(Last) (First) (Middle)

PPG INDUSTRIES, INC.

ONE PPG PLACE

(Street)

PITTSBURGH PENNSYLVANIA 15272

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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

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

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

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)	06/30/2026		A		31.4214		(2)	(2)	Common Stock	31.4214	$121.29	12,602.1127(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 Timothy M. Knavish	07/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did PPG (PPG) CEO Timothy M. Knavish report in this Form 4 filing?

Timothy M. Knavish reported receiving 31.4214 phantom stock units as a grant. These units are part of his deferred compensation and track PPG’s common stock value, increasing his total phantom stock holdings to 12,602.1127 units following the transaction.

Is the PPG (PPG) CEO’s phantom stock transaction a market buy or sell?

No, the transaction is a grant, not a market buy or sell. The Form 4 classifies it as a grant or award acquisition (code A), meaning the company awarded 31.4214 phantom stock units as compensation rather than an open-market trade.

How many phantom stock units does the PPG (PPG) CEO hold after this grant?

After this grant, Timothy M. Knavish holds 12,602.1127 phantom stock units. This total reflects his entire position in the PPG Industries Deferred Compensation Plan, where units track a unitized company stock fund tied to PPG’s common shares and cash.

How do PPG (PPG) phantom stock units convert into common stock for the CEO?

The phantom stock units convert into PPG common stock on a one-for-one basis. According to the disclosure, conversion generally occurs after termination of employment with PPG, making these units a deferred form of equity compensation rather than immediately deliverable shares.

What determines the value of the PPG (PPG) phantom stock units held by the CEO?

The phantom stock units represent interests in an unfunded unitized company stock fund of PPG stock and cash. Their value changes over time with the fair market value of PPG’s common stock and the cash level in the fund, independent of active trading decisions.

Does the PPG (PPG) Form 4 indicate any remaining derivative awards for the CEO?

The Form 4 shows this single phantom stock unit grant as a derivative transaction and no remaining derivative positions listed separately. The 12,602.1127 units represent his total phantom stock holdings in the deferred compensation plan after the reported award.