PPG Industries (NYSE: PPG) SVP reports added phantom stock units

Rhea-AI Filing Summary

PPG Industries senior vice president Kevin D. Braun reported a routine increase in deferred phantom stock units tied to PPG common stock. On January 15, 2026, he acquired 0.5831 phantom stock units at a reference price of $110.07 per unit under the PPG Industries, Inc. Deferred Compensation Plan, bringing his total holdings in this plan to 825.0658 phantom stock units.

Each phantom stock unit converts into one share of PPG common stock after termination of his employment with PPG. The units represent interests in an unfunded unitized company stock fund made up of PPG stock and cash, and the number of units attributed to him may change over time based on the fund’s value rather than active trading decisions.

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
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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^*

Braun Kevin D.

(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, Operations

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

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)	01/15/2026		A		0.5831		(2)	(2)	Common Stock	0.5831	$110.07	825.0658(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 Kevin D. Braun	01/16/2026
	** 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 insider transaction did PPG (PPG) report for Kevin D. Braun?

PPG reported that Sr VP, Operations Kevin D. Braun acquired 0.5831 phantom stock units tied to PPG common stock on January 15, 2026 under a deferred compensation plan.

How many phantom stock units does Kevin D. Braun hold after this Form 4 transaction?

After the reported transaction, Kevin D. Braun beneficially holds a total of 825.0658 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.

What are phantom stock units in PPG (PPG)'s deferred compensation plan?

The phantom stock units represent interests in an unfunded unitized company stock fund comprised of PPG stock and cash, with values that change based on the fair market value of PPG common stock and cash in the fund.

When do Kevin D. Braun’s phantom stock units in PPG convert to common stock?

Each phantom stock unit converts to one share of PPG common stock after termination of employment with PPG.

Does Kevin D. Braun directly own the PPG phantom stock units reported on this Form 4?

Yes. The Form 4 lists ownership of the 825.0658 phantom stock units as direct (D) beneficial ownership by Kevin D. Braun.

Can the number of PPG phantom stock units held by Kevin D. Braun change without new Form 4 transactions?

Yes. The filing notes that the number of phantom stock units may change over time without his volition, depending on the fair market value of PPG common stock and the amount of cash in the fund.