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PPG Industries (NYSE: PPG) grants CEO additional phantom stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

PPG Industries Chairman and CEO Timothy M. Knavish reported a compensation-related acquisition of 35.3567 phantom stock units on 2026-07-31 at a reference value of $110.5200 per unit. The units convert into common stock on a one-for-one basis after employment ends, increasing his deferred phantom balance to 12,678.6861 units that fluctuate with PPG’s stock price and cash in the plan.

Positive

  • None.

Negative

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Insider KNAVISH TIMOTHY M
Role Chairman and CEO
Type Security Shares Price Value
Grant/Award Phantom Stock Units F1, F2, F3 35.3567 $110.52 $4K
Holdings After Transaction: Phantom Stock Units — 12,678.6861 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.
Phantom stock units granted 35.3567 units Grant to Chairman and CEO Timothy M. Knavish on 2026-07-31
Reference value per phantom unit $110.5200 Value associated with the reported phantom stock unit award
Total phantom units after transaction 12678.6861 units Total phantom stock units held in the PPG Deferred Compensation Plan after the award
Conversion rate to common stock 1 share per unit Phantom stock units convert to PPG common stock on a one-for-one basis after employment ends
Phantom Stock Units financial
"Total of all phantom stock units held by the reporting person"
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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FAQ

What insider transaction did PPG (PPG) CEO Timothy M. Knavish report?
Timothy M. Knavish reported a grant of 35.3567 phantom stock units under a deferred compensation arrangement. These units are tied to PPG common stock and reflect a non-cash, compensation-related acquisition rather than an open-market purchase or sale of shares.

How many phantom stock units did PPG (PPG) grant to its CEO and at what value?
Knavish received 35.3567 phantom stock units with a reference value of $110.5200 per unit. This award increases his deferred phantom holdings and is structured as a derivative interest linked to PPG common stock, not as a direct share market transaction.

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 holding stock and cash. The number of units attributed to Knavish can change over time as PPG’s share price and the fund’s cash balance fluctuate, without any action by him.

When can PPG (PPG) phantom stock units held by the CEO convert to common stock?
The phantom stock units convert into PPG common stock on a one-for-one basis after Knavish’s employment with PPG ends. Until then, they remain deferred, tracking the value of a company stock fund rather than existing as currently exercisable common shares.

What is Timothy M. Knavish’s total phantom stock unit balance at PPG (PPG) after this grant?
Following this award, Knavish holds a total of 12,678.6861 phantom stock units in PPG’s Deferred Compensation Plan. This figure reflects all phantom units attributed to him in the plan and will vary as the underlying stock and cash values change over time.
SEC Form 4
FORM 4UNITED 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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chairman and CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units(1)07/31/2026A35.3567 (2) (2)Common Stock35.3567$110.5212,678.6861(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. Knavish08/04/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR