PPG CFO exercises options, sells 78,095 shares

PPG Industries Senior VP & CFO Vincent J. Morales reported exercising employee stock options and selling common shares.

Rhea-AI Filing Summary

PPG Industries Senior VP & CFO Vincent J. Morales reported exercising employee stock options and selling common shares. On February 13, 2026, he exercised 19,259 options at $109.74 per share and 30,397 options at $119.52 per share, receiving the same number of PPG common shares.

That same day, he executed open-market sales totaling 78,095 common shares at prices around $131 per share, in multiple transactions. Following these trades, he held no directly owned common stock, and 8,844.7704 shares were held indirectly through the PPG Industries Employee Savings Plan as of February 13, 2026.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 8 txns

Insider Morales Vincent J

Role Senior VP & CFO

Sold 78,095 shs ($10.23M)

Approx. gross sale proceeds $10.23M

Approx. exercise cost $5.75M

Type	Security	Shares	Price	Value
Exercise	Employee Stock Options	19,259	$0.00	$0.00
Exercise	Employee Stock Options	30,397	$0.00	$0.00
Exercise	Common Stock	19,259	$109.74	$2.11M
Exercise	Common Stock	30,397	$119.52	$3.63M
Sale	Common Stock	28,439	$130.92	$3.72M
Sale	Common Stock	19,259	$131.1043	$2.52M
Sale	Common Stock	30,397	$130.9967	$3.98M
Discretionary	Common Stock	8,844.7704	$131.56	$1.16M

Holdings After Transaction: Employee Stock Options — 0 contracts (Direct); Common Stock — 0 shares (Direct); Common Stock — 0 shares (Indirect, By 401(k) Plan)

Footnotes (3)

1. F1. This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $131.06 to $131.235 per share, inclusive. The reporting person will provide, upon request of SEC staff, PPG or a shareholder of PPG, complete information regarding the number of shares sold at each price within the range.
2. F2. This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $130.94 to $131.13 per share, inclusive. The reporting person will provide, upon request of SEC staff, PPG or a shareholder of PPG, complete information regarding the number of shares sold at each price within the range.
3. F3. Total amount of shares held for the reporting person in the reporting person's account in the PPG Industries Employee Savings Plan as of February 13, 2026.

FAQ

What did PPG (PPG) CFO Vincent J. Morales report in this Form 4?

PPG CFO Vincent J. Morales reported exercising employee stock options and selling PPG common shares. The filing details option exercises into stock and subsequent open-market sales on February 13, 2026, along with his remaining indirect holdings in the company’s employee savings plan.

How many PPG (PPG) shares did the CFO sell in the reported transactions?

The CFO sold a total of 78,095 PPG common shares in open-market transactions. These sales occurred on February 13, 2026, at prices around $131 per share, executed across multiple trades within narrow price ranges disclosed in the footnotes.

How many PPG stock options did the CFO exercise in this Form 4?

Vincent J. Morales exercised 19,259 employee stock options at $109.74 per share and 30,397 options at $119.52 per share. The exercises converted these options into the same number of PPG common shares before subsequent open-market stock sales.

What were the approximate sale prices of PPG (PPG) shares in this insider transaction?

The reported PPG share sales occurred at weighted average prices around $131 per share. Footnotes state detailed ranges, including $131.06–$131.235 and $130.94–$131.13 per share, with the CFO offering to provide complete breakdowns upon request to interested parties.

How many PPG shares does the CFO hold after these transactions?

After the reported exercises and sales, the Form 4 shows no directly owned PPG common shares. It also reports 8,844.7704 PPG shares held indirectly for the CFO in his account within the PPG Industries Employee Savings Plan as of February 13, 2026.

Are the PPG CFO’s remaining shares held directly or indirectly after this Form 4?

The remaining PPG exposure is held indirectly through a retirement plan. Specifically, 8,844.7704 PPG shares are reported as held in Vincent J. Morales’ account in the PPG Industries Employee Savings Plan, rather than as directly owned common stock.

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Accepted by SEC EDGAR 02/18/2026 - 09:59 AM 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^*

Morales Vincent J

(Last) (First) (Middle)

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior VP & CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

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
Common Stock	02/13/2026		M		19,259	A	$109.74	47,698	D
Common Stock	02/13/2026		M		30,397	A	$119.52	78,095	D
Common Stock	02/13/2026		S		28,439	D	$130.92	49,656	D
Common Stock	02/13/2026		S		19,259	D	$131.1043(1)	30,397	D
Common Stock	02/13/2026		S		30,397	D	$130.9967(2)	0	D
Common Stock	02/13/2026		I		8,844.7704	D	$131.56	0(3)	I	By 401(k) Plan

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
Employee Stock Options	$109.74	02/13/2026		M			19,259	02/20/2022	02/19/2029	Common Stock	19,259	$0	0	D
Employee Stock Options	$119.52	02/13/2026		M			30,397	02/19/2023	02/18/2030	Common Stock	30,397	$0	0	D

Explanation of Responses:

1. This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $131.06 to $131.235 per share, inclusive. The reporting person will provide, upon request of SEC staff, PPG or a shareholder of PPG, complete information regarding the number of shares sold at each price within the range.

2. This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $130.94 to $131.13 per share, inclusive. The reporting person will provide, upon request of SEC staff, PPG or a shareholder of PPG, complete information regarding the number of shares sold at each price within the range.

3. Total amount of shares held for the reporting person in the reporting person's account in the PPG Industries Employee Savings Plan as of February 13, 2026.

Remarks:

	/s/ Greg E. Gordon, Attorney-in-Fact for Vincent J. Morales	02/18/2026
	** 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.
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