PPG CEO awarded phantom stock units

PPG Industries Chairman and CEO Timothy M. Knavish received a grant of 118.4168 phantom stock units, a form of stock-based compensation that tracks the value of PPG common shares.

Rhea-AI Filing Summary

PPG Industries Chairman and CEO Timothy M. Knavish received a grant of 118.4168 phantom stock units, a form of stock-based compensation that tracks the value of PPG common shares. Following this award, he holds a total of 12,416.9911 phantom stock units in the company’s deferred compensation plan.

Each phantom stock unit converts into one share of PPG common stock after termination of his employment, aligning his long-term compensation with the company’s share performance rather than representing an open-market stock purchase or sale.

Insider Trade Summary

Grant/Award: 118.4168 shares

Grant/Award 1 txn

Insider KNAVISH TIMOTHY M

Role Chairman and CEO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	118.4168	$100.73	$12K

Holdings After Transaction: Phantom Stock Units — 12,416.9911 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 Timothy M. Knavish?

PPG reported that Chairman and CEO Timothy M. Knavish received 118.4168 phantom stock units as a compensation award. These units track PPG’s common stock value and are held within the company’s deferred compensation plan for long-term incentive purposes.

How many phantom stock units does the PPG (PPG) CEO hold after this grant?

After the latest grant, PPG’s CEO Timothy M. Knavish holds 12,416.9911 phantom stock units. This total reflects all phantom units in the PPG Industries, Inc. Deferred Compensation Plan attributed to him as a participant in the plan.

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

Phantom stock units in PPG’s deferred compensation plan represent interests in an unfunded unitized company stock fund made up of stock and cash. Their value changes with PPG’s stock price and cash balances, without representing actual shares until conversion conditions are met.

When do PPG (PPG) phantom stock units held by the CEO convert to common stock?

The phantom stock units convert to PPG common stock on a one-for-one basis after Timothy M. Knavish’s termination of employment with PPG. This defers actual share delivery and ties his long-term compensation to the company’s future share performance.

Does this PPG (PPG) Form 4 show the CEO buying or selling stock on the market?

This Form 4 does not show an open-market stock purchase or sale. It records a grant of phantom stock units as compensation, which are bookkeeping entries tied to PPG’s stock value rather than immediate market transactions in common shares.

Can the number of PPG (PPG) phantom stock units change without CEO action?

Yes. The filing notes the number of phantom stock units attributed to the CEO may change without his volition. Changes depend on PPG’s common stock fair market value and the amount of cash in the underlying unitized company stock fund.

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Accepted by SEC EDGAR 03/13/2026 - 12:48 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^*

KNAVISH TIMOTHY M

(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)

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

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		118.4168		(2)	(2)	Common Stock	118.4168	$100.73	12,416.9911(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. Knavish	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.