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PPG (PPG) director Kathy Fortmann receives phantom stock unit award

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

Rhea-AI Filing Summary

PPG Industries director Kathy Lynn Fortmann received a grant of 34.9756 Phantom Stock Units on June 12, 2026 as compensation. These units are a derivative tied to PPG common stock and convert to common shares on a one-for-one basis after she terminates service as a director.

Following this award, Fortmann holds a total of 5,404.2943 Phantom Stock Units in the PPG Industries Deferred Compensation Plan for Directors. These units represent interests in an unfunded unitized company stock fund made up of PPG stock and cash, so the attributed number of units can change over time with the stock’s market value and the fund’s cash balance.

Positive

  • None.

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  • None.
Insider Fortmann Kathy Lynn
Role null
Type Security Shares Price Value
Grant/Award Phantom Stock Units 34.976 $119.34 $4K
Holdings After Transaction: Phantom Stock Units — 5,404.294 shares (Direct, null)
Footnotes (1)
  1. The security converts to common stock on a one-for-one basis. After termination of service as a Director of PPG Industries, Inc. Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors. 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 34.9756 units Award to director on June 12, 2026
Total Phantom Stock Units after grant 5,404.2943 units Deferred Compensation Plan for Directors
Reference price per unit $119.3400 Transaction price per Phantom Stock Unit
Conversion ratio 1:1 Each Phantom Stock Unit to one share of common stock
Phantom Stock Units financial
"Phantom stock units represent interests in an unfunded unitized company stock fund"
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 for Directors financial
"Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors."
A deferred compensation plan for directors is an arrangement that lets board members postpone receiving part of their pay until a later date—often retirement or a set future time—so the money can grow or be paid under specified conditions. Think of it like directing a portion of your paycheck into a locked savings account that pays out later; investors care because it creates future cash or stock obligations, signals how the company motivates and retains leadership, and can affect shareholder value through timing of payouts or potential dilution.
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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Form 4 Insider Transactions: What Each Field Means →
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*
Fortmann Kathy Lynn
(Last)(First)(Middle)
C/O 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
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026		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)06/12/2026A34.9756 (2) (2)Common Stock34.9756$119.345,404.2943(3)D
Explanation of Responses:
1. The security converts to common stock on a one-for-one basis.
2. After termination of service as a Director of PPG Industries, Inc.
3. Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors. 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 Kathy Lynn Fortmann06/15/2026
** 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

FAQ

What did PPG (PPG) director Kathy Lynn Fortmann report in this Form 4?

Kathy Lynn Fortmann reported receiving 34.9756 Phantom Stock Units as a compensation award. The grant increases her total phantom units in PPG’s Deferred Compensation Plan for Directors to 5,404.2943, all tied to the value of PPG common stock on a one-for-one basis.

What are Phantom Stock Units in PPG (PPG)’s director compensation plan?

Phantom Stock Units are bookkeeping entries representing interests in an unfunded unitized company stock fund. The fund holds PPG stock and cash, and units track the value of PPG common stock, giving directors stock-based value without immediate share issuance or current voting rights.

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 the director’s termination of service. This means actual shares are delivered only when the director leaves the board, aligning compensation value with long-term stock performance.

How many Phantom Stock Units does Kathy Lynn Fortmann hold after this PPG (PPG) grant?

After the June 12, 2026 award, Kathy Lynn Fortmann holds 5,404.2943 Phantom Stock Units. This total reflects all phantom units credited to her account in the PPG Industries Deferred Compensation Plan for Directors following the latest 34.9756-unit grant.

Does this PPG (PPG) Form 4 show an open-market stock purchase or sale?

No, the Form 4 shows a grant of 34.9756 Phantom Stock Units as a compensation award, not an open-market trade. The transaction is coded as a grant or award acquisition, typical for non-cash director compensation tied to the company’s share price.