PPG Industries insider acquires additional phantom stock units

PPG Industries, Inc. officer reports phantom stock transaction Amy R. Ericson, Senior Vice President, P&M Coatings of PPG Industries, Inc., filed a Form 4 reporting an acquisition of phantom stock units tied to PPG common stock.

Rhea-AI Filing Summary

PPG Industries, Inc. officer reports phantom stock transaction

Amy R. Ericson, Senior Vice President, P&M Coatings of PPG Industries, Inc., filed a Form 4 reporting an acquisition of phantom stock units tied to PPG common stock. On 11/28/2025, she acquired 15.5641 phantom stock units at a price of $100.04 per underlying share, increasing her total holdings in the PPG Industries, Inc. Deferred Compensation Plan to 196.3446 phantom stock units.

Each phantom stock unit converts into one share of PPG common stock on a one-for-one basis after termination of employment with PPG. These units represent interests in an unfunded unitized company stock fund made up of PPG stock and cash, and the number of units attributed to her may change over time as the fund’s value changes.

Insider Trade Summary

Grant/Award: 15.5641 shares

Grant/Award 1 txn

Insider Ericson Amy R.

Role Sr. VP, P&M Coatings

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	15.5641	$100.04	$2K

Holdings After Transaction: Phantom Stock Units — 196.3446 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 Amy R. Ericson?

On 11/28/2025, Senior Vice President P&M Coatings Amy R. Ericson acquired 15.5641 phantom stock units linked to PPG Industries, Inc. common stock under a deferred compensation plan.

How many PPG phantom stock units does Amy R. Ericson hold after this Form 4 transaction?

Following the reported transaction, Amy R. Ericson beneficially owns 196.3446 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.

What do the phantom stock units reported by PPG (PPG) represent?

The phantom stock units represent interests in an unfunded unitized company stock fund comprised of PPG Industries, Inc. stock and cash, with their value tied to the fair market value of PPG common stock and cash in the fund.

When can the reported PPG phantom stock units be converted into common stock?

Each phantom stock unit converts into one share of PPG Industries, Inc. common stock on a one-for-one basis after termination of employment with PPG.

At what price were the newly acquired PPG phantom stock units valued?

The 15.5641 phantom stock units acquired on 11/28/2025 were valued based on an underlying common stock price of $100.04 per share.

Is this PPG (PPG) Form 4 filed by one or multiple reporting persons?

The Form 4 is indicated as filed by one reporting person, covering the holdings and transaction of Amy R. Ericson only.

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Accepted by SEC EDGAR 12/01/2025 - 11:55 AM 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^*

Ericson Amy R.

(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, P&M Coatings

3. Date of Earliest Transaction (Month/Day/Year)
11/28/2025

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)	11/28/2025		A		15.5641		(2)	(2)	Common Stock	15.5641	$100.04	196.3446(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 Amy R. Ericson	12/01/2025
	** 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.