PPG (PPG) director receives phantom stock unit grant

Rhea-AI Filing Summary

PPG Industries director Chris Roberts III received a grant of 28.2041 phantom stock units on PPG common stock at a reference value of $100.7300 per unit. This is a compensation award, not an open-market purchase. His total phantom stock units in the directors’ deferred compensation plan increased to 2,151.2292.

The phantom units are unfunded bookkeeping entries tied to a unitized company stock fund of stock and cash. They convert into PPG common shares on a one-for-one basis, payable after his termination of service as a director, and their attributed share count can change with stock price and fund cash levels.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Roberts III Chris

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phamtom Stock Units	28.204	$100.73	$3K

Holdings After Transaction: Phamtom Stock Units — 2,151.229 shares (Direct)

Footnotes (1)

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

Form 4 Insider Transactions: What Each Field Means →

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^*

Roberts III Chris

(Last) (First) (Middle)

C/O 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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

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

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)	03/12/2026		A		28.2041		(2)	(2)	Common Stock	28.2041	$100.73	2,151.2292(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 Chris Roberts III	03/13/2026
	** 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.

FAQ

What insider transaction did PPG (PPG) report for director Chris Roberts III?

PPG reported that director Chris Roberts III received an award of 28.2041 phantom stock units tied to PPG common stock. This grant is part of the directors’ deferred compensation plan and represents a non-cash compensation transaction rather than an open-market share purchase.

How many phantom stock units does the PPG director hold after this Form 4 transaction?

After the grant, Chris Roberts III holds a total of 2,151.2292 phantom stock units in PPG’s deferred compensation plan for directors. This total reflects all phantom units credited to him, which may fluctuate over time with PPG’s stock price and cash levels in the plan.

What are PPG phantom stock units as reported in this Form 4 filing?

The phantom stock units represent interests in an unfunded unitized company stock fund composed of PPG stock and cash. They are bookkeeping entries, not actual shares, and are intended to mirror PPG’s stock performance for compensation purposes within the directors’ deferred compensation plan.

When do the PPG phantom stock units convert into common stock for the director?

According to the disclosure, the phantom stock units convert into PPG common stock on a one-for-one basis after termination of the director’s service at PPG. At that time, the credited phantom units are settled based on plan terms, providing equity-linked compensation for the director.

Is the PPG director’s phantom stock unit grant an open-market share purchase or sale?

The transaction is categorized as a grant or award acquisition, not an open-market trade. It reflects compensation awarded under PPG’s deferred compensation plan for directors, meaning no shares were bought or sold on the public market as part of this Form 4 transaction.

Can the number of PPG phantom stock units change without the director’s action?

Yes. The filing explains that the number of phantom stock units attributed to the director can change without his volition. Changes depend on the fair market value of PPG’s common stock and the amount of cash held in the unitized company stock fund underlying the phantom units.