PPG Industries (NYSE: PPG) awards phantom stock units to senior vice president

Rhea-AI Filing Summary

PPG Industries executive Chancey E. Hagerty, Sr. VP, Automotive Refinish Coatings, received a grant of 15.7855 phantom stock units linked to PPG common stock. The units are valued at $110.5200 per unit and convert to common stock on a one-for-one basis after termination of employment. Following this award, Hagerty holds a total of 221.6106 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan, whose value fluctuates with the fair market value of PPG stock and cash in the plan’s unitized company stock fund.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hagerty Chancey E.

Role Sr. VP, Auto. Refinish Ctgs.

Type	Security	Shares	Price	Value
Grant/Award	Phamtom Stock Units F1, F2, F3	15.7855	$110.52	$2K

Holdings After Transaction: Phamtom Stock Units — 221.6106 shares (Direct)

Footnotes (3)

1. F1. The security converts to common stock on a one-for-one basis.
2. F2. After termination of employment with PPG.
3. F3. 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: 15.7855 units Grant value per unit: $110.5200 per unit Total phantom stock units after grant: 221.6106 units +1 more

4 metrics

Phantom stock units granted 15.7855 units Grant/award acquisition on 2026-07-31

Grant value per unit $110.5200 per unit Valuation used for phantom stock unit award

Total phantom stock units after grant 221.6106 units Holdings in PPG Industries, Inc. Deferred Compensation Plan

Underlying common stock 15.7855 shares Each phantom stock unit converts to one share of common stock

Key Terms

Phantom stock units, Deferred Compensation Plan, unfunded unitized company stock fund

3 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

"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.

unfunded unitized company stock fund financial

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

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Available on EDGAR 08/04/2026 - 11:09 AM Accepted by SEC EDGAR 08/04/2026 - 11:09 AM Learn about SEC filing dates

FAQ

What insider transaction did PPG (PPG) report for Chancey E. Hagerty?

PPG reported that Chancey E. Hagerty received a grant of 15.7855 phantom stock units valued at $110.5200 per unit. After this grant, his total holdings in the phantom stock unit program increased to 221.6106 units linked to PPG common stock.

What are phantom stock units in PPG (PPG)'s Deferred Compensation Plan?

PPG’s phantom stock units represent interests in an unfunded unitized company stock fund composed of PPG stock and cash. The number of units attributed to a participant can change over time with the fair market value of PPG stock and cash levels in the fund.

When can Hagerty's phantom stock units convert to PPG (PPG) common stock?

Hagerty’s phantom stock units convert into PPG common stock on a one-for-one basis after termination of employment with PPG. Until then, they remain as notional units within the Deferred Compensation Plan, tracking the value of the unitized company stock fund.

How many PPG (PPG) phantom stock units does Hagerty hold after this award?

After the reported grant, Hagerty holds a total of 221.6106 phantom stock units in PPG’s Deferred Compensation Plan. These units are tied to the value of PPG common stock and plan cash and may fluctuate as market values and fund composition change.

Does this PPG (PPG) insider transaction involve open-market buying or selling?

No. The reported activity is a grant/award acquisition of phantom stock units, not an open-market purchase or sale. It is part of PPG’s Deferred Compensation Plan and reflects compensation, rather than a discretionary trade in PPG shares on the market.

What underlying security is linked to PPG (PPG) phantom stock units granted to Hagerty?

Each phantom stock unit granted to Hagerty is linked to PPG common stock on a one-for-one basis. When distributable after termination of employment, the units are designed to convert into an equivalent number of PPG common shares, subject to plan terms.

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^*

Hagerty Chancey E.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. VP, Auto. Refinish Ctgs.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2026

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
Phamtom Stock Units	(1)	07/31/2026		A		15.7855		(2)	(2)	Common Stock	15.7855	$110.52	221.6106(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 Chancey E. Hagerty	08/04/2026
	** 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)