PPG Industries (PPG) director discloses phantom stock unit award in director plan

Rhea-AI Filing Summary

PPG Industries director Kathleen A. Ligocki reported acquiring 64.3567 phantom stock units linked to PPG common stock on 12/12/2025. Each unit converts into one share of common stock, giving her additional economic exposure to the company’s share price.

The phantom stock units are credited under the PPG Industries, Inc. Deferred Compensation Plan for Directors at a reference price of $103.54 per unit. After this transaction, Ligocki beneficially owns a total of 6,891.2789 phantom stock units, held directly, which convert into common stock after her service as a director ends.

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
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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^*

LIGOCKI KATHLEEN

(Last) (First) (Middle)

C/O 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/12/2025

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

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)	12/12/2025		A		64.3567		(2)	(2)	Common Stock	64.3567	$103.54	6,891.2789(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 Kathleen A. Ligocki	12/15/2025
	** 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.

FAQ

What insider transaction did PPG (PPG) report for director Kathleen A. Ligocki?

Director Kathleen A. Ligocki reported acquiring 64.3567 phantom stock units linked to PPG Industries common stock on 12/12/2025, as disclosed in a Form 4.

How many PPG phantom stock units does Kathleen A. Ligocki now hold?

Following the reported transaction, Kathleen A. Ligocki beneficially owns 6,891.2789 phantom stock units tied to PPG Industries common stock.

At what price were the PPG phantom stock units recorded in this transaction?

The phantom stock units acquired by Kathleen A. Ligocki were recorded at a reference price of $103.54 per unit.

When do Kathleen A. Ligocki’s PPG phantom stock units convert into common stock?

The phantom stock units convert into PPG Industries common stock on a one-for-one basis after termination of service as a Director of PPG Industries, Inc.

What is the PPG Deferred Compensation Plan for Directors mentioned in this filing?

The filing states that the phantom stock units represent interests in an unfunded unitized company stock fund within the PPG Industries, Inc. Deferred Compensation Plan for Directors, comprised of stock and cash. The number of units attributed to the participant can change over time based on the fair market value of PPG common stock and the cash in the fund.

How are PPG phantom stock units related to common stock for director holdings?

According to the filing, each phantom stock unit converts to common stock on a one-for-one basis, so 64.3567 phantom stock units correspond to 64.3567 shares of PPG common stock upon conversion.