PPG SVP granted 1.7762 phantom stock units

PPG’s Performance Coatings senior vice president received a small phantom stock unit award tied to PPG’s share value under the deferred compensation plan.

Rhea-AI Filing Summary

PPG INDUSTRIES INC (PPG) reported that senior vice president of the Performance Coatings segment, Chancey E. Hagerty, received an award of 1.7762 phantom stock units on September 11, 2026. These units convert into an equal number of PPG common shares after termination of employment and are held in a deferred compensation plan. Following this grant, Hagerty holds 254.0532 phantom stock units directly, whose value varies with PPG’s stock price and cash in the plan’s unitized stock fund. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Grant/Award: 1.7762 shares

Grant/Award 1 txn

Insider Hagerty Chancey E.

Role Sr. VP, Perf Coatings Segment

Type	Security	Shares	Price	Value
Grant/Award	Phamtom Stock Units F1, F2, F3	1.7762	$105.50	$187.39

Holdings After Transaction: Phamtom Stock Units — 254.0532 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 stock units granted: 1.7762 units Reference value per phantom stock unit: $105.50 per unit Total phantom stock units after grant: 254.0532 units +1 more

4 metrics

Phantom stock units granted 1.7762 units Grant to Chancey E. Hagerty on September 11, 2026

Reference value per phantom stock unit $105.50 per unit September 11, 2026 phantom stock unit award

Total phantom stock units after grant 254.0532 units Holdings in PPG Industries, Inc. Deferred Compensation Plan following the transaction

Conversion ratio to common stock 1.0 Each phantom stock unit converts to one share of PPG common stock after termination of employment

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

PPG reported that Chancey E. Hagerty received 1.7762 phantom stock units on September 11, 2026 as a grant under the company’s deferred compensation plan, increasing his total phantom stock unit holdings to 254.0532 units.

What are the terms of the phantom stock units reported for PPG (PPG)?

The filing states the phantom stock units convert to PPG common stock on a one-for-one basis and are generally payable after termination of employment with PPG, aligning their value with the company’s share price and cash in the plan fund.

What price was used for the PPG (PPG) phantom stock unit grant?

The grant to Chancey E. Hagerty used a reference value of $105.50 per phantom stock unit for 1.7762 units, as disclosed in the Form 4 data for the September 11, 2026 award.

How many phantom stock units in PPG (PPG) does Chancey E. Hagerty hold after this transaction?

After the September 11, 2026 grant, Chancey E. Hagerty is reported to hold a total of 254.0532 phantom stock units directly in the PPG Industries, Inc. Deferred Compensation Plan.

Does the PPG (PPG) Form 4 indicate a Rule 10b5-1 trading plan?

No. The document-level Rule 10b5-1 checkbox is unchecked, and the footnotes do not reference any trading plan, so the reported phantom stock unit grant is not described as made under a Rule 10b5-1 plan.

How can the number of PPG (PPG) phantom stock units change over time?

The filing notes that phantom stock units represent interests in an unfunded unitized company stock fund, so the units attributed to Hagerty may change as the fair market value of PPG common stock and the amount of cash in the fund change.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 09/14/2026 - 02:16 PM Accepted by SEC EDGAR 09/14/2026 - 02:15 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^*

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, Perf Coatings Segment

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2026

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)	09/11/2026		A		1.7762		(2)	(2)	Common Stock	1.7762	$105.5	254.0532(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	09/14/2026
	** 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)