PPG executive granted 16.6 phantom stock units

Senior vice president Chancey E. Hagerty received additional phantom stock units tied to PPG common stock under the company’s deferred compensation plan.

Rhea-AI Filing Summary

PPG INDUSTRIES INC (PPG) reported that Chancey E. Hagerty, Sr. VP, Performance Coatings Segment, received a grant of 16.6354 phantom stock units on September 15, 2026. These units, which are derivative interests in PPG common stock, were awarded at a reference price of $104.89 per unit and convert to common stock on a one-for-one basis after termination of employment with PPG.

Following this grant, Hagerty holds a total of 270.6886 phantom stock units under the PPG Industries, Inc. Deferred Compensation Plan, where the number of units may change over time based on PPG’s stock price and cash in the unitized company stock fund.

Insider Trade Summary

Grant/Award: 16.6354 shares

Grant/Award 1 txn

Insider Hagerty Chancey E.

Role Sr. VP, Perf Coatings Segment

Type	Security	Shares	Price	Value
Grant/Award	Phamtom Stock Units F1, F2, F3	16.6354	$104.89	$2K

Holdings After Transaction: Phamtom Stock Units — 270.6886 contracts (Direct)

Footnotes (3)

1. F1. The security converts to common stock on a one-for-one basis.
2. F2. After termination of employment with PPG.
3. F3. 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 stock units granted: 16.6354 units Transaction price per phantom unit: $104.89 per unit Total phantom stock units after grant: 270.6886 units +2 more

5 metrics

Phantom stock units granted 16.6354 units Grant to Chancey E. Hagerty on September 15, 2026

Transaction price per phantom unit $104.89 per unit Reference price for the September 15, 2026 grant

Total phantom stock units after grant 270.6886 units Total phantom stock units held by Chancey E. Hagerty after the reported transaction

Underlying common stock per unit 1 share per unit Each phantom stock unit converts to one share of PPG common stock

Reporting person title Sr. VP, Performance Coatings Segment Officer role of Chancey E. Hagerty at PPG INDUSTRIES INC

Key Terms

Phantom stock units, Deferred Compensation Plan, unfunded, unitized company stock fund, +1 more

5 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 financial

"represent interests in an unfunded unitized company stock fund comprised of stock and cash"

unitized company stock fund financial

"interests in an unfunded unitized company stock fund comprised of stock and cash"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did PPG (PPG) disclose for Chancey E. Hagerty?

PPG disclosed that Sr. VP Chancey E. Hagerty received a grant of 16.6354 phantom stock units on September 15, 2026. These units are tied to PPG common stock and were awarded as a grant or other acquisition rather than a market purchase.

At what price were the new phantom stock units for PPG (PPG) valued?

The 16.6354 phantom stock units granted to Chancey E. Hagerty were valued at a reference price of $104.89 per unit. This price is reported on the Form 4 as the transaction price per phantom stock unit on September 15, 2026.

How many phantom stock units in PPG (PPG) does Chancey E. Hagerty hold after this Form 4 transaction?

After the September 15, 2026 grant, Chancey E. Hagerty holds a total of 270.6886 phantom stock units. This total reflects all phantom stock units credited to him under the PPG Industries, Inc. Deferred Compensation Plan.

What do PPG (PPG) phantom stock units convert into for Chancey E. Hagerty?

The phantom stock units reported for Chancey E. Hagerty convert to PPG common stock on a one-for-one basis. According to the disclosure, this conversion occurs after termination of employment with PPG, consistent with the plan’s terms.

When can the reported PPG (PPG) phantom stock units be converted for Chancey E. Hagerty?

The phantom stock units can be converted into PPG common stock after termination of employment with PPG. Until then, they remain as units within the PPG Industries, Inc. Deferred Compensation Plan, tracking the value of a unitized company stock fund.

What is the nature of the PPG (PPG) Deferred Compensation Plan phantom stock units?

The phantom stock units represent interests in an unfunded unitized company stock fund comprised of PPG stock and cash. The number of units attributed to Chancey E. Hagerty may change over time based on the fair market value of PPG common stock and cash in the fund.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/16/2026 - 12:17 PM Accepted by SEC EDGAR 09/16/2026 - 12:17 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, Perf Coatings Segment

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

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
Phamtom Stock Units	(1)	09/15/2026		A		16.6354		(2)	(2)	Common Stock	16.6354	$104.89	270.6886(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	09/16/2026
	** 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)