PPG executive granted phantom stock units

PPG Industries senior vice president Chancey E. Hagerty received a small compensation-related grant of phantom stock units tied to PPG common stock.

Rhea-AI Filing Summary

PPG Industries senior vice president Chancey E. Hagerty received a small compensation-related grant of phantom stock units tied to PPG common stock. On May 15, 2026, he acquired 0.2563 phantom stock units at a reference price of $102.64, bringing his total to 189.4500 units. These phantom units are held in the PPG Deferred Compensation Plan and convert into common shares on a one-for-one basis after his employment with PPG ends.

Insider Trade Summary

Grant/Award: 0.2563 shares

Grant/Award 1 txn

Insider Hagerty Chancey E.

Role Sr. VP, Auto. Refinish Ctgs.

Type	Security	Shares	Price	Value
Grant/Award	Phamtom Stock Units	0.2563	$102.64	$26.31

Holdings After Transaction: Phamtom Stock Units — 189.45 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 units granted: 0.2563 units Reference price per unit: $102.64 Total phantom units after grant: 189.4500 units +1 more

4 metrics

Phantom units granted 0.2563 units Grant of phantom stock units on May 15, 2026

Reference price per unit $102.64 Transaction price per phantom stock unit

Total phantom units after grant 189.4500 units Phantom stock units held following the transaction

Conversion ratio 1 unit : 1 share Phantom stock units convert to common stock one-for-one

Key Terms

Phantom stock units, Deferred Compensation Plan, unfunded unitized company stock fund

3 terms

Phantom stock units financial

"Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan."

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 did PPG (PPG) executive Chancey Hagerty report in this Form 4?

Chancey E. Hagerty reported receiving a grant of phantom stock units as compensation. The Form 4 shows he acquired 0.2563 phantom stock units tied to PPG common stock, increasing his total phantom holdings to 189.4500 units in the company’s deferred compensation plan.

How many phantom stock units did PPG’s Chancey Hagerty receive?

Chancey E. Hagerty received 0.2563 phantom stock units. This small grant adds to his existing phantom stock balance, bringing his total holdings in the PPG Industries Deferred Compensation Plan to 189.4500 phantom stock units after the reported transaction.

At what price were PPG phantom stock units valued in Hagerty’s grant?

The phantom stock units in Hagerty’s grant were valued at $102.64 per unit. This price reflects the reference value used for the compensation award and determines the notional value of the 0.2563 phantom stock units credited to his account.

How many phantom stock units does Hagerty hold after this PPG transaction?

After the reported transaction, Chancey E. Hagerty holds 189.4500 phantom stock units. These units are maintained in the PPG Industries Deferred Compensation Plan and represent a notional interest in a unitized fund linked to PPG common stock and cash.

When do Hagerty’s PPG phantom stock units convert into common stock?

The phantom stock units convert into PPG common stock after Hagerty’s employment with PPG ends. According to the filing, they convert on a one-for-one basis, meaning each phantom stock unit becomes one share of PPG common stock upon distribution.

What is the PPG Industries Deferred Compensation Plan mentioned in Hagerty’s Form 4?

The Deferred Compensation Plan holds Hagerty’s phantom stock units in an unfunded, unitized company stock fund. This fund is comprised of PPG stock and cash, and the number of units credited can change with PPG’s share price and the cash level in the fund.

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

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Accepted by SEC EDGAR 05/18/2026 - 11:31 AM EDT 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^*

Hagerty Chancey E.

(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, Auto. Refinish Ctgs.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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
Phamtom Stock Units	(1)	05/15/2026		A		0.2563		(2)	(2)	Common Stock	0.2563	$102.64	189.45(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	05/18/2026
	** 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)