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PPG Industries (NYSE: PPG) CEO granted 41 phantom stock units in deferred plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

PPG INDUSTRIES INC Chairman and CEO Timothy M. Knavish acquired 41.2167 Phantom Stock Units as a grant under a deferred compensation plan, with a reference price of $115.3100 per unit. These units convert into common stock on a one-for-one basis after termination of employment, bringing his total phantom stock holdings to 12,643.3294 units.

Positive

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Negative

  • None.
Insider KNAVISH TIMOTHY M
Role Chairman and CEO
Type Security Shares Price Value
Grant/Award Phantom Stock Units 41.217 $115.31 $5K
Holdings After Transaction: Phantom Stock Units — 12,643.329 shares (Direct)
Footnotes (1)
  1. The security converts to common stock on a one-for-one basis. After termination of employment with PPG. 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.
Phantom Stock Units granted 41.2167 units Grant of Phantom Stock Units to Timothy M. Knavish on 2026-07-15
Reference price per Phantom Stock Unit $115.3100 per unit Price reported for the 41.2167 Phantom Stock Units granted
Total Phantom Stock Units after grant 12,643.3294 units Aggregate Phantom Stock Units held by Timothy M. Knavish in the plan
Underlying common stock 41.2167 shares Each Phantom Stock Unit is tied to one share of PPG common stock
Phantom Stock Units financial
"Total of all phantom stock units held by the reporting person in the PPG Industries, Inc."
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
"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."

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FAQ

What insider transaction did PPG (PPG) report for Timothy M. Knavish?
Timothy M. Knavish received a grant of 41.2167 Phantom Stock Units tied to PPG common stock at a reference price of $115.3100 per unit, reported as a compensation-related acquisition rather than an open-market trade.

How many Phantom Stock Units does the PPG (PPG) CEO hold after this grant?
Following the grant, Timothy M. Knavish holds a total of 12,643.3294 Phantom Stock Units in the PPG Industries, Inc. Deferred Compensation Plan, each representing an interest linked to the value of PPG common stock and related cash in the plan’s unitized fund.

Do the Phantom Stock Units reported by PPG (PPG) convert into common stock?
Yes. The filing states that each Phantom Stock Unit converts to common stock on a one-for-one basis. Conversion occurs after termination of employment with PPG, aligning this award with long-term deferred compensation for the executive.

Was the PPG (PPG) CEO’s Form 4 transaction an open-market buy or sale?
No. The Form 4 describes the transaction as a grant or award acquisition of Phantom Stock Units, coded “A,” not an open-market purchase or sale. It reflects compensation, so the filing’s net buy/sell direction is reported as neutral.

What plan holds the Phantom Stock Units reported for PPG (PPG) CEO Timothy M. Knavish?
The Phantom Stock Units are held in the PPG Industries, Inc. Deferred Compensation Plan. They represent interests in an unfunded unitized company stock fund composed of PPG stock and cash, and unit counts can change with market value and cash levels.
SEC Form 4
FORM 4UNITED 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 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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chairman and CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units(1)07/15/2026A41.2167 (2) (2)Common Stock41.2167$115.3112,643.3294(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. Knavish07/16/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR