PPG director granted 49.8 phantom stock units

PPG Industries Inc. director Kathleen Ligocki reported a compensation-related grant of phantom stock units.

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Rhea-AI Filing Summary

PPG Industries Inc. director Kathleen Ligocki reported a compensation-related grant of phantom stock units. On June 12, 2026, she acquired 49.7864 phantom stock units, each tied to PPG common stock at a reference value of $119.34 per unit. These units convert into common stock on a one-for-one basis after her termination of service as a director, under PPG’s Deferred Compensation Plan for Directors. Following this grant, she holds a total of 8,852.3440 phantom stock units in the plan, which represents an interest in an unfunded company stock fund comprised of stock and cash.

Insider Trade Summary

Grant/Award: 49.7864 shares

Grant/Award 1 txn

Insider LIGOCKI KATHLEEN

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	49.7864	$119.34	$6K

Holdings After Transaction: Phantom Stock Units — 8,852.344 contracts (Direct)

Footnotes (3)

F1. The security converts to common stock on a one-for-one basis.
F2. After termination of service as a Director of PPG Industries, Inc.
F3. 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.

Key Figures

Phantom stock units granted: 49.7864 units Reference price per unit: $119.34 per unit Total phantom units after grant: 8,852.3440 units +1 more

4 metrics

Phantom stock units granted 49.7864 units Grant on June 12, 2026

Reference price per unit $119.34 per unit Valuation for June 12, 2026 grant

Total phantom units after grant 8,852.3440 units Holdings following reported transaction

Conversion ratio 1 unit : 1 share Phantom stock converts to common stock

Key Terms

Phantom Stock Units, Deferred Compensation Plan for Directors, unfunded unitized company stock fund

3 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 for Directors financial

"held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors"

A deferred compensation plan for directors is an arrangement that lets board members postpone receiving part of their pay until a later date—often retirement or a set future time—so the money can grow or be paid under specified conditions. Think of it like directing a portion of your paycheck into a locked savings account that pays out later; investors care because it creates future cash or stock obligations, signals how the company motivates and retains leadership, and can affect shareholder value through timing of payouts or potential dilution.

unfunded unitized company stock fund financial

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

FAQ

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

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

Kathleen Ligocki reported receiving a grant of 49.7864 phantom stock units tied to PPG common stock. This award is part of the Deferred Compensation Plan for Directors and reflects non-cash, stock-based compensation rather than an open-market share purchase or sale.

How many phantom stock units does Kathleen Ligocki hold after this PPG Form 4?

After the reported grant, Kathleen Ligocki holds a total of 8,852.3440 phantom stock units. These units represent her interests in PPG’s unfunded unitized company stock fund within the Deferred Compensation Plan for Directors, which is comprised of both company stock and cash.

At what reference price were the new PPG phantom stock units granted to Kathleen Ligocki?

The newly granted 49.7864 phantom stock units were valued at a reference price of $119.34 per unit. This price is used to determine the number of units credited under the plan, not as an open-market purchase or sale price for PPG common shares.

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

The phantom stock units convert into PPG common stock on a one-for-one basis after her termination of service as a director. Conversion timing is therefore tied to the end of her board service, consistent with the terms of the Deferred Compensation Plan for Directors.

What does PPG’s Deferred Compensation Plan for Directors involve for phantom stock units?

The plan credits directors with phantom stock units representing interests in an unfunded unitized company stock fund. This fund consists of PPG stock and cash, so the number of units attributed to a director can change with movements in PPG’s share price and the cash balance.

Do changes in PPG’s stock price affect Kathleen Ligocki’s phantom stock units?

Yes. The filing notes that the number of phantom stock units may change without her volition, depending on the fair market value of PPG’s common stock and the amount of cash in the fund. This reflects the plan’s design as a stock-and-cash-denominated deferred compensation vehicle.

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Accepted by SEC EDGAR 06/15/2026 - 03:58 PM EDT

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^*

LIGOCKI KATHLEEN

(Last)

(First)

(Middle)

C/O 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
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Units	⁽¹⁾	06/12/2026		A		49.7864		⁽²⁾	⁽²⁾	Common Stock	49.7864	$119.34	8,852.344⁽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	06/15/2026
	** 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)

Source: View Original Filing on SEC EDGAR