PPG (PPG) senior VP receives small grant of phantom stock units

Rhea-AI Filing Summary

PPG Industries senior vice president Chancey E. Hagerty reported a small compensation-related award of phantom stock units linked to PPG common stock. On June 30, 2026, Hagerty received 0.1463 phantom stock units at a reference price of $121.29 per unit.

The units convert into PPG common stock on a one-for-one basis and are payable after termination of employment under the company’s Deferred Compensation Plan. Following this award, Hagerty holds a total of 190.5872 phantom stock units in the plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hagerty Chancey E.

Role Sr. VP, Auto. Refinish Ctgs.

Type	Security	Shares	Price	Value
Grant/Award	Phamtom Stock Units	0.146	$121.29	$17.74

Holdings After Transaction: Phamtom Stock Units — 190.587 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: 0.1463 units Reference price per unit: $121.29 per unit Total phantom units held: 190.5872 units +1 more

4 metrics

Phantom units granted 0.1463 units Grant on June 30, 2026

Reference price per unit $121.29 per unit Phantom stock units grant

Total phantom units held 190.5872 units Balance after June 30, 2026 grant

Conversion ratio 1 unit : 1 share Phantom stock units to PPG common stock

Key Terms

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

4 terms

Phantom Stock Units financial

"Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan."

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

"Total of all phantom stock units 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 comprised of stock and cash."

one-for-one basis financial

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 01:48 PM Accepted by SEC EDGAR 07/01/2026 - 01:48 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).

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^*

Hagerty Chancey E.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. VP, Auto. Refinish Ctgs.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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
Phamtom Stock Units	(1)	06/30/2026		A		0.1463		(2)	(2)	Common Stock	0.1463	$121.29	190.5872(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 Chancey E. Hagerty	07/01/2026
	** 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) executive Chancey E. Hagerty report in this Form 4?

Chancey E. Hagerty reported receiving a small grant of 0.1463 phantom stock units linked to PPG common stock. These units were credited at a reference price of $121.29 per unit as part of deferred compensation.

How many phantom stock units does Hagerty hold in PPG (PPG) after this transaction?

After the June 30, 2026 award, Hagerty holds 190.5872 phantom stock units in PPG’s Deferred Compensation Plan. This total represents his entire phantom stock balance reported in the filing, all tied to PPG common stock on a one-for-one basis.

When do the phantom stock units for PPG (PPG) executive Hagerty convert to common shares?

The phantom stock units convert to PPG common stock on a one-for-one basis. According to the filing, they are payable after termination of employment with PPG under the terms of the Deferred Compensation Plan.

Are the PPG (PPG) phantom stock units held by Hagerty funded or cash-settled?

The phantom stock units represent interests in an unfunded unitized company stock fund within PPG’s Deferred Compensation Plan. The fund consists of PPG stock and cash, and unit balances can change with stock price and cash levels.

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

No, the Form 4 shows a grant/award acquisition of phantom stock units, not an open-market trade. It reflects deferred compensation credited to Hagerty, rather than him buying or selling PPG shares in the market.