PPG exec Hefel buys shares, adds phantom units

PPG Industries senior vice president Juliane M. Hefel reported small increases in her holdings.

Rhea-AI Filing Summary

PPG Industries senior vice president Juliane M. Hefel reported small increases in her holdings. She bought a total of 11.5394 shares of common stock on June 12, 2026 at prices around $114.84 and $121.45, bringing her direct common stock holdings to 1,901.8573 shares. She also received 8.3880 additional phantom stock units tied one-for-one to common stock through company deferred compensation and dividend reinvestment programs, for a total of 1,405.2121 phantom units.

Insider Trade Summary

Net Buyer: 11.5394 shares

Net Buy 4 txns

Insider Hefel Juliane M.

Role Sr. VP, Ind Coatings & Sp Prod

Bought 11.5394 shs ($1K)

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	1.1594	$121.53	$140.90
Grant/Award	Phantom Stock Units	7.2286	$119.34	$862.66
Purchase	Common Stock	2.8124	$121.45	$341.57
Purchase	Common Stock	8.727	$114.84	$1K

Holdings After Transaction: Phantom Stock Units — 1,405.2121 contracts (Direct); Common Stock — 1,901.8573 shares (Direct)

Footnotes (5)

1. F1. Shares acquired by the reporting person under the PPG Industries dividend reinvestment program.
2. F2. Includes 3.3179 shares previously acquired by the reporting person under the PPG Industries dividend reinvestment program since the date of the reporting person's last filing.
3. F3. The security converts to common stock on a one-for-one basis.
4. F4. After termination of employment with PPG.
5. F5. Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan.

Key Figures

Common stock purchase: 8.7270 shares at $114.8400 Additional stock purchase: 2.8124 shares at $121.4500 Common shares held: 1,901.8573 shares +3 more

6 metrics

Common stock purchase 8.7270 shares at $114.8400 Open-market purchase on June 12, 2026

Additional stock purchase 2.8124 shares at $121.4500 Open-market purchase on June 12, 2026

Common shares held 1,901.8573 shares Direct PPG common stock holdings after transactions

Phantom stock award 7.2286 units at $119.3400 Phantom stock units granted June 12, 2026

Additional phantom stock award 1.1594 units at $121.5300 Phantom stock units granted June 15, 2026

Total phantom units held 1,405.2121 units Deferred Compensation Plan balance after grants

Key Terms

Phantom Stock Units, dividend reinvestment program, Deferred Compensation Plan, open-market purchase

4 terms

Phantom Stock Units financial

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

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.

dividend reinvestment program financial

"Shares acquired by the reporting person under the PPG Industries dividend reinvestment program."

A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.

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.

open-market purchase financial

"Purchase in open market or private transaction"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

FAQ

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

What insider transactions did PPG (PPG) executive Juliane Hefel report?

Juliane M. Hefel reported small net purchases of PPG common stock and additional phantom stock units. The filing shows incremental ownership increases through open-market purchases, dividend reinvestment, and deferred compensation-related phantom stock awards, rather than any sales or reductions in her position.

How many PPG (PPG) shares did Juliane Hefel buy in this Form 4?

She acquired a total of 11.5394 PPG common shares. The transactions include 8.7270 shares at a price of $114.8400 and 2.8124 shares at $121.4500, reflecting relatively small, incremental increases in her direct equity stake in the company.

What are phantom stock units in the PPG (PPG) filing for Juliane Hefel?

Phantom stock units are deferred compensation instruments that track PPG’s common stock. In this filing, Hefel received 7.2286 and 1.1594 units, which convert to common stock on a one-for-one basis after termination of employment, increasing her total phantom stock units in PPG’s deferred compensation plan.

How many PPG (PPG) common shares does Juliane Hefel hold after these transactions?

After these transactions, Hefel directly holds 1,901.8573 PPG common shares. This figure reflects her position following the June 12, 2026 purchases and shows her current reported direct ownership level in the company’s common stock.

How many phantom stock units does Juliane Hefel hold in PPG (PPG) after the grants?

Following the new awards, Hefel holds a total of 1,405.2121 phantom stock units. These units are maintained in the PPG Industries, Inc. Deferred Compensation Plan and are designed to convert into an equal number of common shares after her employment with PPG ends.

Were any of Juliane Hefel’s PPG (PPG) transactions part of a dividend reinvestment program?

Yes. Footnotes state that some shares were acquired under the PPG Industries dividend reinvestment program. The filing also notes previously acquired 3.3179 shares through this program since her last report, indicating ongoing, automatic reinvestment of dividends into additional PPG stock.

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

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Accepted by SEC EDGAR 06/16/2026 - 01:37 PM 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^*

Hefel Juliane M.

(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, Ind Coatings & Sp Prod

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026

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
Common Stock	06/12/2026		P		2.8124(1)	A	$121.45	1,893.1303	D
Common Stock	06/12/2026		P		8.727(1)	A	$114.84	1,901.8573(2)	D

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	(3)	06/12/2026		A		7.2286		(4)	(4)	Common Stock	7.2286	$119.34	1,404.0527	D
Phantom Stock Units	(3)	06/15/2026		A		1.1594		(4)	(4)	Common Stock	1.1594	$121.53	1,405.2121(5)	D

Explanation of Responses:

1. Shares acquired by the reporting person under the PPG Industries dividend reinvestment program.

2. Includes 3.3179 shares previously acquired by the reporting person under the PPG Industries dividend reinvestment program since the date of the reporting person's last filing.

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

4. After termination of employment with PPG.

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

Remarks:

	/s/ Greg E. Gordon, Attorney-in-Fact for Juliane M. Hefel	06/16/2026
	** 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)