PPG director awarded phantom stock units

PPG Industries director Kathy Lynn Fortmann received a grant of 36.0839 Phantom Stock Units, which are compensation-linked units that track PPG common stock on a one-for-one basis.

Rhea-AI Filing Summary

PPG Industries director Kathy Lynn Fortmann received a grant of 36.0839 Phantom Stock Units, which are compensation-linked units that track PPG common stock on a one-for-one basis. This award increased her holdings in the PPG Deferred Compensation Plan for Directors to a total of 3,208.2645 phantom stock units.

The units are held in an unfunded company stock fund made up of stock and cash, so the number of units attributed to her can change over time as PPG’s share price and the fund’s cash balance fluctuate. The phantom stock converts into common shares after her service as a director ends.

Insider Trade Summary

Grant/Award: 36.0839 shares

Grant/Award 1 txn

Insider Fortmann Kathy Lynn

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	36.0839	$100.73	$4K

Holdings After Transaction: Phantom Stock Units — 3,208.2645 contracts (Direct)

Footnotes (3)

1. F1. The security converts to common stock on a one-for-one basis.
2. F2. After termination of service as a Director of PPG Industries, Inc.
3. F3. Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors. 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) director Kathy Lynn Fortmann report?

Kathy Lynn Fortmann reported receiving a grant of 36.0839 Phantom Stock Units as director compensation. This increased her total holdings in PPG’s Deferred Compensation Plan for Directors to 3,208.2645 phantom stock units that track PPG common stock one-for-one.

What are Phantom Stock Units in the PPG (PPG) directors’ plan?

Phantom Stock Units in PPG’s directors’ plan are interests in an unfunded unitized company stock fund comprising PPG stock and cash. Each unit converts into one share of PPG common stock and its value changes with the share price and cash held in the fund.

How many Phantom Stock Units does PPG (PPG) director Fortmann hold after this Form 4?

After this grant, director Kathy Lynn Fortmann holds a total of 3,208.2645 Phantom Stock Units. These units are all in the PPG Industries Deferred Compensation Plan for Directors and represent interests in a stock-and-cash fund tied to PPG common stock performance.

At what reference price were PPG (PPG) Phantom Stock Units granted to Fortmann?

The 36.0839 Phantom Stock Units granted to Kathy Lynn Fortmann were valued using a reference price of $100.73 per unit. This price helps determine the compensation value credited in the Deferred Compensation Plan for Directors tied to PPG’s common stock.

When do PPG (PPG) Phantom Stock Units for directors convert into common stock?

PPG’s Phantom Stock Units for directors convert into common stock after a director’s service with the company ends. At that time, each phantom unit converts on a one-for-one basis into PPG common shares, according to the terms described for the directors’ deferred compensation plan.

Can the number of PPG (PPG) Phantom Stock Units held by a director change without new grants?

Yes. The number of Phantom Stock Units attributed to a PPG director may change over time without their action. Changes occur as the fair market value of PPG common stock and the amount of cash in the unitized company stock fund fluctuate within the deferred compensation plan.

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Accepted by SEC EDGAR 03/13/2026 - 12:40 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^*

Fortmann Kathy Lynn

(Last) (First) (Middle)

C/O 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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

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)	03/12/2026		A		36.0839		(2)	(2)	Common Stock	36.0839	$100.73	3,208.2645(3)	D

Explanation of Responses:

1. The security converts to common stock on a one-for-one basis.

2. After termination of service as a Director of PPG Industries, Inc.

3. Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors. 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 Kathy Lynn Fortmann	03/13/2026
	** 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.