PPG exec granted additional phantom stock units

PPG Industries senior vice president Chancey E. Hagerty reported an automatic grant of phantom stock units under a deferred compensation plan.

Rhea-AI Filing Summary

PPG Industries senior vice president Chancey E. Hagerty reported an automatic grant of phantom stock units under a deferred compensation plan. He acquired 0.2435 phantom stock units at an attributed price of $123.27 per unit, bringing his total to 186.8736 units.

Each phantom stock unit is designed to convert into one share of PPG common stock after his termination of employment. These units represent an interest in an unfunded company stock fund invested in PPG stock and cash, so the number of units can change over time as the fund’s value moves.

Insider Trade Summary

Grant/Award: 0.2435 shares

Grant/Award 1 txn

Insider Hagerty Chancey E.

Role Sr. VP, Auto. Refinish Ctgs.

Type	Security	Shares	Price	Value
Grant/Award	Phamtom Stock Units	0.2435	$123.27	$30.02

Holdings After Transaction: Phamtom Stock Units — 186.8736 contracts (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.

FAQ

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

PPG reported that senior vice president Chancey E. Hagerty received a grant of 0.2435 phantom stock units. The units were credited at $123.27 per unit and are held in a deferred compensation plan, increasing his total phantom stock holdings to 186.8736 units.

Is the PPG (PPG) Form 4 transaction a buy or a sale of stock?

The Form 4 shows an acquisition through a grant or award, not an open-market buy or sale. Hagerty received additional phantom stock units in a deferred compensation plan, classified as a grant/award acquisition rather than a discretionary purchase or sale of PPG common shares.

How many phantom stock units does Chancey E. Hagerty hold at PPG (PPG)?

After the reported grant, Hagerty holds a total of 186.8736 phantom stock units. These represent his interest in an unfunded company stock fund within the PPG Industries Deferred Compensation Plan, with value tied to PPG common stock and cash in the fund.

When do PPG (PPG) phantom stock units convert into common shares?

The phantom stock units are structured to convert into PPG common stock on a one-for-one basis after Hagerty’s termination of employment. Until then, they remain as bookkeeping units in the deferred compensation plan, tracking the value of a unitized PPG stock and cash fund.

How is the value of PPG (PPG) phantom stock units determined?

The phantom stock units represent interests in a unitized PPG company stock fund composed of stock and cash. The number of units attributed to Hagerty may change over time as the fair market value of PPG common stock and the amount of cash in the fund fluctuate.

Does Chancey E. Hagerty’s PPG (PPG) Form 4 involve immediate common stock ownership?

The Form 4 reflects phantom stock units rather than immediate ownership of common shares. While each unit is intended to convert into one PPG share after termination of employment, Hagerty currently holds these as deferred compensation interests in an unfunded company stock fund.

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Accepted by SEC EDGAR 03/02/2026 - 01:53 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^*

Hagerty Chancey E.

(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, Auto. Refinish Ctgs.

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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
Phamtom Stock Units	(1)	02/27/2026		A		0.2435		(2)	(2)	Common Stock	0.2435	$123.27	186.8736(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	03/02/2026
	** 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.