PPG SVP granted 1.9229 phantom stock units

Senior vice president Amy R. Ericson received additional Phantom Stock Units tied to PPG’s share value through the company’s deferred compensation plan.

Rhea-AI Filing Summary

PPG INDUSTRIES INC (PPG) reported that officer Amy R. Ericson, Sr. VP, P&M Coatings, received an award of 1.9229 Phantom Stock Units on September 11, 2026 under a deferred compensation arrangement. Each Phantom Stock Unit converts into one share of PPG common stock, generally after termination of employment. Following this award, Ericson holds a total of 232.3646 Phantom Stock Units, representing interests in an unfunded company stock fund whose value fluctuates with PPG’s share price and the cash held in the fund. No Rule 10b5-1 trading plan is reported for this grant.

Insider Trade Summary

Grant/Award: 1.9229 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 F1, F2, F3	1.9229	$105.50	$202.87

Holdings After Transaction: Phantom Stock Units — 232.3646 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.

Key Figures

Phantom Stock Units granted: 1.9229 units Price reference per Phantom Stock Unit: $105.50 Total Phantom Stock Units after transaction: 232.3646 units +1 more

4 metrics

Phantom Stock Units granted 1.9229 units Grant to Amy R. Ericson on September 11, 2026

Price reference per Phantom Stock Unit $105.50 Reported transaction price per unit for September 11, 2026 grant

Total Phantom Stock Units after transaction 232.3646 units Total Phantom Stock Units held by Amy R. Ericson in the PPG Deferred Compensation Plan after the grant

Conversion ratio to common stock 1 unit per 1 share Each Phantom Stock Unit converts into one share of PPG 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

"Total of all phantom stock units 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

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did PPG (PPG) report for Amy R. Ericson?

PPG reported that Amy R. Ericson, Sr. VP, P&M Coatings, received an award of 1.9229 Phantom Stock Units on September 11, 2026 as a grant or other acquisition under a deferred compensation arrangement.

How many Phantom Stock Units does Amy R. Ericson hold in PPG (PPG) after this transaction?

After the September 11, 2026 award, Amy R. Ericson holds a total of 232.3646 Phantom Stock Units in the PPG Industries, Inc. Deferred Compensation Plan, representing her total phantom stock interests reported in the plan.

What do Phantom Stock Units represent for PPG (PPG) insiders?

For PPG, Phantom Stock Units represent interests in an unfunded unitized company stock fund comprised of PPG common stock and cash. The number of units attributed to a participant can change with PPG’s fair market value and the amount of cash in the fund.

When can Amy R. Ericson’s PPG (PPG) Phantom Stock Units convert to common stock?

The filing states that the security converts to common stock on a one-for-one basis, with conversion occurring after termination of employment with PPG, as described in the footnotes to the transaction.

Was the PPG (PPG) Phantom Stock Unit grant to Amy R. Ericson under a Rule 10b5-1 plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that the September 11, 2026 Phantom Stock Unit grant was made pursuant to a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/14/2026 - 02:16 PM Accepted by SEC EDGAR 09/14/2026 - 02:15 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^*

Ericson Amy R.

(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, P&M Coatings

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2026

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
Phantom Stock Units	(1)	09/11/2026		A		1.9229		(2)	(2)	Common Stock	1.9229	$105.5	232.3646(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	09/14/2026
	** 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)