STOCK TITAN
  1. Home
  2. Sec-filings
  3. PPG
  4. [Form 4] PPG INDUSTRIES INC Insider Trading Activity

PPG (NYSE: PPG) Sr VP Braun awarded new phantom stock units

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

Rhea-AI Filing Summary

PPG Industries senior vice president of operations Kevin D. Braun received a compensation-related grant of phantom stock units tied to PPG common stock. On this Form 4, he acquired 2.1080 phantom stock units at a reference price of $102.6400 per unit.

These phantom stock units convert into PPG common stock on a one-for-one basis after termination of employment and are held in the PPG Industries Deferred Compensation Plan. Following the grant, Braun holds a total of 873.5783 phantom stock units, with values that fluctuate based on PPG’s share price and cash in the plan’s unitized stock fund.

Positive

  • None.

Negative

  • None.
Insider Braun Kevin D.
Role Sr VP, Operations
Type Security Shares Price Value
Grant/Award Phantom Stock Units 2.108 $102.64 $216.37
Holdings After Transaction: Phantom Stock Units — 873.578 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.
Phantom units granted 2.1080 units Grant of phantom stock units on May 15, 2026
Reference price per unit $102.6400 per unit Price used for phantom stock unit grant
Total phantom units after grant 873.5783 units Braun’s aggregate phantom stock units following transaction
Conversion ratio 1 unit : 1 share Phantom stock units convert to PPG common stock one-for-one
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"
fair market value financial
"may change from time to time ... depending on the fair market value of the issuer's common stock"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
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*
Braun Kevin D.
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Sr VP, Operations
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026		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)05/15/2026A2.108 (2) (2)Common Stock2.108$102.64873.5783(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 Kevin D. Braun05/18/2026
** 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 insider transaction did PPG (PPG) report for Kevin D. Braun?

PPG reported a grant of phantom stock units to Kevin D. Braun. He acquired 2.1080 phantom stock units tied to PPG common stock, increasing his total phantom holdings in the company’s Deferred Compensation Plan to 873.5783 units as a routine compensation award.

What are the key details of the PPG (PPG) phantom stock unit grant?

Kevin D. Braun received 2.1080 phantom stock units at a reference price of $102.6400. These units are part of PPG’s Deferred Compensation Plan, convert into common stock on a one-for-one basis, and bring his total phantom holdings to 873.5783 units.

How do PPG (PPG) phantom stock units convert into common stock?

Each PPG phantom stock unit converts into one share of common stock. According to the disclosure, conversion occurs after termination of employment. The units track the value of PPG stock within an unfunded unitized company stock fund in the Deferred Compensation Plan.

How many phantom stock units does Kevin D. Braun hold at PPG (PPG)?

Kevin D. Braun holds a total of 873.5783 phantom stock units. This total reflects all phantom units credited to him in PPG’s Deferred Compensation Plan, including the latest 2.1080-unit grant, and will fluctuate with PPG’s share price and cash levels in the plan fund.

Is the PPG (PPG) phantom stock unit grant a market purchase or sale?

The phantom stock unit grant is a compensation award, not a market trade. The Form 4 classifies the transaction with code A, indicating a grant or award acquisition, and there are no open-market buying or selling activities disclosed in this transaction.