PPG Industries (PPG) Sr VP granted additional phantom stock units

Rhea-AI Filing Summary

PPG Industries senior vice president of operations Kevin D. Braun reported an automatic award of phantom stock units under a deferred compensation plan. He acquired 1.1535 phantom stock units at a reference value of $131.34 per unit, bringing his total holdings in the plan to 825.6255 phantom stock units.

These phantom stock units are bookkeeping entries that track the value of PPG common stock and cash in a unitized company stock fund. According to the disclosure, each unit converts into one share of PPG common stock after termination of employment, and the number of units attributed to him can change over time with market value and fund cash levels.

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

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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^*

Braun Kevin D.

(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)
	Sr VP, Operations

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

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)	02/13/2026		A		1.1535		(2)	(2)	Common Stock	1.1535	$131.34	825.6255(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 Kevin D. Braun	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.
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 did Kevin D. Braun report in this PPG (PPG) Form 4 filing?

Kevin D. Braun reported receiving an automatic grant of 1.1535 phantom stock units tied to PPG Industries’ stock. This award increased his total holdings in the company’s deferred compensation plan to 825.6255 phantom stock units, all recorded as directly owned.

What are phantom stock units in PPG (PPG)'s deferred compensation plan?

Phantom stock units represent an interest in an unfunded unitized company stock fund of PPG Industries stock and cash. They are bookkeeping entries, not actual shares, but their value is linked to PPG’s stock price and the amount of cash held in the fund.

How do PPG (PPG) phantom stock units convert into common stock?

Each phantom stock unit converts into one share of PPG common stock according to the filing. This conversion occurs after termination of employment with PPG, turning the previously deferred phantom units into actual shares under the plan’s terms.

How many phantom stock units does Kevin D. Braun now hold at PPG (PPG)?

After the reported award, Kevin D. Braun holds a total of 825.6255 phantom stock units in the PPG Industries deferred compensation plan. This total reflects all phantom units attributed to him in the unitized company stock fund.

Why can Kevin D. Braun’s PPG (PPG) phantom stock unit balance change over time?

The filing explains his phantom stock unit balance may change without his volition. Changes depend on the fair market value of PPG common stock and the amount of cash in the unitized company stock fund that underlies the phantom units.

Is the reported PPG (PPG) transaction a stock purchase or a grant?

The transaction is classified as a grant, award, or other acquisition of phantom stock units, coded as “A.” It is not an open-market stock purchase; instead, it is an award under PPG’s deferred compensation plan for the executive.