PPG director granted 61.8 phantom stock units

PPG director Melanie Healey received additional phantom stock unit compensation that increases her deferred, stock-linked holdings under the directors’ plan.

Rhea-AI Filing Summary

PPG Industries Inc. (PPG) reported that director Melanie Healey received a grant of 61.8017 Phantom Stock Units on September 11, 2026, as a compensation-related award. These units convert into an equal number of shares of common stock on a one-for-one basis after her termination of service as a director. Following this grant, she holds a total of 6,052.3000 Phantom Stock Units in the PPG Deferred Compensation Plan for Directors, which track the value of a unitized company stock fund consisting of PPG stock and cash and may change over time with market value.

Insider Trade Summary

Grant/Award: 61.8017 shares

Grant/Award 1 txn

Insider Healey Melanie

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units F1, F2, F3	61.8017	$105.50	$7K

Holdings After Transaction: Phantom Stock Units — 6,052.3 contracts (Direct)

Footnotes (3)

1. F1. The security converts to common stock on a one-for-one basis.
2. F2. After termination of service as a Director of PPG Industries, Inc.
3. 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: 61.8017 units Reference price per unit: $105.50 per unit Total Phantom Stock Units after grant: 6,052.3000 units +2 more

5 metrics

Phantom Stock Units granted 61.8017 units Grant to director Melanie Healey on September 11, 2026

Reference price per unit $105.50 per unit Price field reported for the September 11, 2026 Phantom Stock Unit grant

Total Phantom Stock Units after grant 6,052.3000 units Total Phantom Stock Units held by Melanie Healey in the Deferred Compensation Plan for Directors after the transaction

Underlying common stock 1 share per unit Each Phantom Stock Unit converts to one share of PPG common stock

Transaction date September 11, 2026 Date of Phantom Stock Unit grant to Melanie Healey

Key Terms

Phantom Stock Units, Deferred Compensation Plan for Directors, 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 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) report for director Melanie Healey?

PPG reported that director Melanie Healey was granted 61.8017 Phantom Stock Units on September 11, 2026, as a compensation-related award that will convert into common stock on a one-for-one basis after she leaves the board.

How many Phantom Stock Units does Melanie Healey hold in PPG (PPG) after this grant?

After the reported grant, Melanie Healey holds a total of 6,052.3000 Phantom Stock Units in the PPG Industries, Inc. Deferred Compensation Plan for Directors, representing interests in a unitized company stock fund of PPG stock and cash.

What is the conversion ratio of PPG (PPG) Phantom Stock Units granted to Melanie Healey?

Each Phantom Stock Unit granted to Melanie Healey converts into one share of PPG common stock on a one-for-one basis, with conversion occurring after her termination of service as a director.

When will Melanie Healey’s Phantom Stock Units in PPG (PPG) generally be settled?

According to the disclosure, her Phantom Stock Units are settled after termination of service as a director of PPG Industries, Inc., at which time they convert into an equal number of shares of common stock.

Do Phantom Stock Units for PPG (PPG) directors change over time?

Yes. The filing states that the number of Phantom Stock Units attributed to the director may change from time to time based on the fair market value of PPG’s common stock and the amount of cash in the unitized company stock fund.

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

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Available on EDGAR 09/14/2026 - 02:09 PM Accepted by SEC EDGAR 09/14/2026 - 02:09 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^*

Healey Melanie

(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)
09/11/2026

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
Phantom Stock Units	(1)	09/11/2026		A		61.8017		(2)	(2)	Common Stock	61.8017	$105.5	6,052.3(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 Melanie Healey	09/14/2026
	** 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)