PPG (PPG) CEO Knavish granted new phantom stock units in deferred plan

Rhea-AI Filing Summary

PPG Industries Chairman and CEO Timothy M. Knavish received a grant of 42.6189 Phantom Stock Units on common stock at a reference price of $102.6400 per unit. This award increases his total phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan to 12,460.5185 units.

The phantom stock units are bookkeeping entries that convert into PPG common stock on a one-for-one basis after termination of employment with PPG. They represent interests in an unfunded unitized company stock fund made up of stock and cash, so the number of units can change over time with PPG’s share price and cash levels in the fund.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider KNAVISH TIMOTHY M

Role Chairman and CEO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	42.619	$102.64	$4K

Holdings After Transaction: Phantom Stock Units — 12,460.519 shares (Direct, null)

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.

Key Figures

Phantom units granted: 42.6189 units Reference price per unit: $102.6400 per unit Total phantom units after grant: 12,460.5185 units +1 more

4 metrics

Phantom units granted 42.6189 units Grant of Phantom Stock Units on 2026-05-15

Reference price per unit $102.6400 per unit Pricing reference for phantom unit grant

Total phantom units after grant 12,460.5185 units Total Phantom Stock Units held following this transaction

Conversion ratio 1 unit : 1 share Each Phantom Stock Unit converts into one PPG common share

Key Terms

Phantom Stock Units, Deferred Compensation Plan, unfunded unitized company stock fund, conversion on a one-for-one basis

4 terms

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 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"

conversion on a one-for-one basis financial

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

Form 4 Insider Transactions: What Each Field Means →

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^*

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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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
Phantom Stock Units	(1)	05/15/2026		A		42.6189		(2)	(2)	Common Stock	42.6189	$102.64	12,460.5185(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. Knavish	05/18/2026
	** 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)

FAQ

What did PPG (PPG) CEO Timothy M. Knavish report in this Form 4?

Timothy M. Knavish reported a grant of 42.6189 Phantom Stock Units tied to PPG common stock. These units were credited at a reference price of $102.6400 per unit, increasing his total phantom stock holdings in the PPG deferred compensation plan to 12,460.5185 units.

What are Phantom Stock Units in PPG (PPG)'s deferred 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 each unit tracks the value of PPG common stock. The number of units attributed to a participant can change as stock prices and fund cash levels move.

When do PPG (PPG) Phantom Stock Units held by Timothy M. Knavish convert to common stock?

The Phantom Stock Units convert into PPG common stock on a one-for-one basis after termination of employment with PPG. Until then, they remain as units in the deferred compensation plan that reflect changes in the underlying company stock fund’s value.

How many PPG (PPG) Phantom Stock Units does Timothy M. Knavish hold after this grant?

After this grant, Timothy M. Knavish holds a total of 12,460.5185 Phantom Stock Units. This figure represents the aggregate units credited to him in the PPG Industries, Inc. Deferred Compensation Plan, which track the performance of an underlying company stock and cash fund.

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

This Form 4 does not show an open-market purchase or sale. It reports a compensation-related grant of 42.6189 Phantom Stock Units credited to Timothy M. Knavish in the deferred compensation plan, rather than a transaction where he bought or sold PPG shares in the market.