PPG Industries exec granted 15 phantom stock units

PPG INDUSTRIES INC senior vice president Chancey E. Hagerty received a grant of 15.1015 phantom stock units tied to PPG common stock on 2026-08-14.

Rhea-AI Filing Summary

PPG INDUSTRIES INC senior vice president Chancey E. Hagerty received a grant of 15.1015 phantom stock units tied to PPG common stock on 2026-08-14. The units convert to common stock on a one-for-one basis after termination of employment and are held in PPG’s Deferred Compensation Plan. Following this award, Hagerty holds a total of 236.7121 phantom stock units, whose attributed share count can change over time with the fund’s stock price and cash balance.

Insider Trade Summary

Grant/Award: 15.1015 shares

Grant/Award 1 txn

Insider Hagerty Chancey E.

Role Sr. VP, Auto. Refinish Ctgs.

Type	Security	Shares	Price	Value
Grant/Award	Phamtom Stock Units F1, F2, F3	15.1015	$114.11	$2K

Holdings After Transaction: Phamtom Stock Units — 236.7121 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: 15.1015 units Reference value per phantom unit: $114.1100 per unit Total phantom stock units after grant: 236.7121 units +1 more

4 metrics

Phantom stock units granted 15.1015 units Grant of phantom stock units on 2026-08-14

Reference value per phantom unit $114.1100 per unit Transaction price per phantom stock unit for the award

Total phantom stock units after grant 236.7121 units Aggregate phantom stock units held in the Deferred Compensation Plan after the transaction

Conversion ratio to common stock 1:1 Each phantom stock unit converts to one share of PPG common stock

Key Terms

Phantom stock units, Deferred Compensation Plan, unfunded unitized company stock fund

3 terms

Phantom stock units financial

"Total of all phantom stock units held by the reporting person"

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 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 did PPG (PPG) executive Chancey E. Hagerty report in this Form 4?

Chancey E. Hagerty reported an award of 15.1015 phantom stock units linked to PPG common stock. The grant increases his total phantom stock holdings to 236.7121 units in the company’s Deferred Compensation Plan.

At what reference value were the new phantom stock units for PPG (PPG) recorded?

The 15.1015 phantom stock units were recorded at $114.1100 per unit. This per-unit figure reflects the reference value used for the award and is tied to PPG’s underlying common stock in the plan’s unitized stock fund.

How many total phantom stock units in PPG (PPG) does Chancey E. Hagerty now hold?

After this transaction, Chancey E. Hagerty holds 236.7121 phantom stock units. These units represent his interest in an unfunded, unitized company stock fund whose attributed share count can change with common stock value and cash in the fund.

When can the reported phantom stock units for PPG (PPG) convert into common shares?

The phantom stock units convert into PPG common stock on a one-for-one basis after termination of employment. Until that time, they remain as notional units in the PPG Industries, Inc. Deferred Compensation Plan’s company stock fund.

Are the PPG (PPG) phantom stock units actual shares of common stock today?

No. The phantom stock units are not actual shares but represent interests in an unfunded unitized company stock fund. They will convert into PPG common stock at a one-for-one ratio only after Hagerty’s employment with PPG ends.

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

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Accepted by SEC EDGAR 08/17/2026 - 10:53 AM EDT 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)
08/14/2026

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)	08/14/2026		A		15.1015		(2)	(2)	Common Stock	15.1015	$114.11	236.7121(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	08/17/2026
	** 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)