PPG CFO exercises options, sells PPG shares

PPG Industries Senior VP & CFO Vincent J. Morales reported exercising employee stock options and selling the resulting PPG common shares.

Rhea-AI Filing Summary

PPG Industries Senior VP & CFO Vincent J. Morales reported exercising employee stock options and selling the resulting PPG common shares. On February 4, 2026, he exercised 12,600 options at $101.50 per share and 17,072 options at $116.32 per share, receiving the same number of common shares in each case.

That same day, Morales sold 12,600 and 17,072 PPG common shares at $125 per share. After these transactions, he directly owned 28,439 PPG common shares and had no remaining options from the two exercised grants. He also indirectly held 8,850.45 shares through the PPG Industries Employee Savings (401(k)) Plan as of February 4, 2026. The company notes that the transactions were executed under a Rule 10b5-1 trading plan adopted by Morales on May 2, 2025.

Insider Trade Summary

Exercise and Sale: 29,672 shares ($444K approx. pre-tax spread)

Exercise and Sale 7 txns

Insider Morales Vincent J

Role Senior VP & CFO

Sold 29,672 shs ($3.71M)

Approx. gross sale proceeds $3.71M

Approx. exercise cost $3.26M

Approx. pre-tax spread $444K

Type	Security	Shares	Price	Value
Exercise	Employee Stock Options	12,600	$0.00	$0.00
Exercise	Employee Stock Options	17,072	$0.00	$0.00
Exercise	Common Stock	12,600	$101.50	$1.28M
Sale	Common Stock	12,600	$125.00	$1.57M
Exercise	Common Stock	17,072	$116.32	$1.99M
Sale	Common Stock	17,072	$125.00	$2.13M
holding	Common Stock	--	--	--

Holdings After Transaction: Employee Stock Options — 0 contracts (Direct); Common Stock — 28,439 shares (Direct); Common Stock — 8,850.45 shares (Indirect, By 401(k) Plan)

Footnotes (2)

1. F1. This transaction was executed pursuant to a Rule 10b5-1 Plan adopted by the reporting person on May 2, 2025.
2. F2. Total amount of shares held for the reporting person in the reporting person's account in the PPG Industries Employee Savings Plan as of February 4, 2026.

FAQ

What did PPG (PPG) CFO Vincent J. Morales report in this Form 4?

Vincent J. Morales reported exercising PPG stock options and selling the resulting common shares. He exercised 12,600 options at $101.50 and 17,072 options at $116.32, then sold the same share amounts at $125 on February 4, 2026.

How many PPG shares does the CFO own after the February 4, 2026 transactions?

After the reported transactions, the CFO directly owns 28,439 PPG common shares. In addition, 8,850.45 shares are held indirectly for him in the PPG Industries Employee Savings (401(k)) Plan as of February 4, 2026.

Were the PPG (PPG) insider transactions under a Rule 10b5-1 plan?

Yes. The filing states the transactions were executed under a Rule 10b5-1 trading plan adopted by the reporting person on May 2, 2025. Such plans pre-schedule trades, aiming to separate trading decisions from day-to-day information access.

What option grants did the PPG CFO exercise in this Form 4?

He exercised employee stock options for 12,600 shares granted February 15, 2020 at an exercise price of $101.50 and 17,072 shares granted February 14, 2021 at an exercise price of $116.32, with both option positions reduced to zero afterward.

At what prices did the PPG CFO sell common stock on February 4, 2026?

The CFO sold 12,600 PPG common shares at $125 per share and another 17,072 shares at $125 per share. These sales followed same-day exercises of employee stock options into common stock, as detailed in the Form 4 tables.

How is the CFO’s PPG 401(k) Plan holding described in the filing?

The filing lists 8,850.45 PPG shares held indirectly through the PPG Industries Employee Savings Plan, noted as the total amount in his plan account as of February 4, 2026. This position is reported as indirect beneficial ownership.

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Accepted by SEC EDGAR 02/05/2026 - 03:22 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).

X

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^*

Morales Vincent J

(Last) (First) (Middle)

PPG INDUSTRIES, INC.

ONE PPG PLACE

(Street)

PITTSBURGH PA 15272

(City) (State) (Zip)

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)
	Senior VP & CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	02/04/2026		M		12,600(1)	A	$101.5	41,039	D
Common Stock	02/04/2026		S		12,600	D	$125	28,439	D
Common Stock	02/04/2026		M		17,072(1)	A	$116.32	45,511	D
Common Stock	02/04/2026		S		17,072	D	$125	28,439	D
Common Stock								8,850.45(2)	I	By 401(k) Plan

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
Employee Stock Options	$101.5	02/04/2026		M			12,600	02/15/2020	02/14/2027	Common Stock	12,600	$0	0	D
Employee Stock Options	$116.32	02/04/2026		M			17,072	02/14/2021	02/13/2028	Common Stock	17,072	$0	0	D

Explanation of Responses:

1. This transaction was executed pursuant to a Rule 10b5-1 Plan adopted by the reporting person on May 2, 2025.

2. Total amount of shares held for the reporting person in the reporting person's account in the PPG Industries Employee Savings Plan as of February 4, 2026.

Remarks:

	/s/ Greg E. Gordon, Attorney-in-Fact for Vincent J. Morales	02/05/2026
	** 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.