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PPG Industries (NYSE: PPG) director boosts phantom stock to 10,814 units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

PPG Industries director reports deferred phantom stock award. A reporting person serving as a Director of PPG Industries Inc. (PPG) filed a Form 4 for a transaction dated 01/02/2026. The filing shows an acquisition of 370.0961 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan for Directors at a derivative price of $104.35 per unit. These phantom stock units are based on PPG common stock and convert to common shares on a one-for-one basis after the director’s service with the company ends. Following this transaction, the director beneficially holds a total of 10,814.1016 phantom stock units in the plan, all reported as directly owned.

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Insider NOVO GUILLERMO
Role Director
Type Security Shares Price Value
Grant/Award Phantom Stock Units 370.096 $104.35 $39K
Holdings After Transaction: Phantom Stock Units — 10,814.102 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*
NOVO GUILLERMO
(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)
01/02/2026
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) 01/02/2026 A 370.0961 (2) (2) Common Stock 370.0961 $104.35 10,814.1016(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 Guillermo Novo 01/05/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did PPG (PPG) report in this Form 4?

The Form 4 reports that a PPG Industries Director acquired 370.0961 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan for Directors on 01/02/2026.

What are the terms of the phantom stock units reported for PPG (PPG)?

The phantom stock units convert into PPG common stock on a one-for-one basis and are tied to an unfunded unitized company stock fund made up of PPG stock and cash.

When do the PPG (PPG) phantom stock units convert into common stock?

The filing states that the phantom stock units convert to PPG common stock after termination of service as a Director of PPG Industries, Inc.

How many phantom stock units does the PPG (PPG) director own after this transaction?

After the reported transaction, the director beneficially owns a total of 10,814.1016 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan for Directors.

What price is associated with the PPG (PPG) phantom stock units in this filing?

The derivative price listed for the phantom stock units acquired on 01/02/2026 is $104.35 per unit.

Is the PPG (PPG) director’s phantom stock ownership direct or indirect?

The Form 4 reports that the 10,814.1016 phantom stock units are held with direct (D) ownership.