PPG (NYSE: PPG) senior VP receives new phantom stock unit award

Rhea-AI Filing Summary

PPG Industries senior vice president Chancey E. Hagerty reported receiving a small grant of phantom stock units as compensation. On the reported date, Hagerty acquired 1.7985 phantom stock units tied to PPG common stock, bringing total holdings in the company’s deferred compensation plan to 188.6721 units.

The phantom units convert into PPG common stock on a one-for-one basis after termination of employment with PPG. They represent an interest in an unfunded company stock fund made up of stock and cash, and the attributed unit balance can change over time with PPG’s share price and cash levels in the fund.

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^*

Hagerty Chancey E.

(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, Auto. Refinish Ctgs.

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
Phamtom Stock Units	(1)	03/12/2026		A		1.7985		(2)	(2)	Common Stock	1.7985	$100.73	188.6721(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 Chancey E. Hagerty	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.

FAQ

What insider transaction did PPG (PPG) report for Chancey E. Hagerty?

PPG reported that senior vice president Chancey E. Hagerty received a grant of 1.7985 phantom stock units. These units are part of a deferred compensation plan and increase his total phantom unit holdings to 188.6721, all tied economically to PPG common stock performance.

How many phantom stock units does Chancey E. Hagerty hold at PPG (PPG)?

After the latest grant, Chancey E. Hagerty holds 188.6721 phantom stock units in PPG’s deferred compensation plan. This total includes the newly awarded 1.7985 units and represents interests in a unitized company stock fund made up of PPG stock and cash.

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 consisting of stock and cash. Their value tracks PPG’s common stock and the cash in the fund, so the number of units attributed to a participant can change without the participant taking any action.

When do PPG (PPG) phantom stock units convert into common stock?

The phantom stock units convert into PPG common stock on a one-for-one basis after termination of employment with PPG. Until then, they remain a bookkeeping entry in the deferred compensation plan, reflecting an economic interest in a stock and cash fund rather than actual issued shares.

Is Hagerty’s PPG (PPG) phantom stock unit grant a market stock purchase?

No, the phantom stock unit grant is not a market stock purchase. It is a compensation-related award recorded in PPG’s deferred compensation plan, not an open-market trade, and the units convert to common stock only after Hagerty’s employment with PPG ends.

Can Hagerty’s phantom stock units at PPG (PPG) change without new grants?

Yes, the number of phantom stock units attributed to Hagerty can change over time without his action. Changes occur as the fair market value of PPG’s common stock and the amount of cash in the underlying company stock fund fluctuate within the deferred compensation plan.