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PPG Industries (NYSE: PPG) officer reports phantom stock unit award

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

Rhea-AI Filing Summary

PPG Industries, Inc. reported that senior vice president Juliane M. Hefel acquired 1.0372 phantom stock units on 12/12/2025 under the PPG Industries, Inc. Deferred Compensation Plan at $103.54 per unit.

Each phantom stock unit converts into one share of common stock, with conversion occurring after termination of employment with PPG. Following this transaction, she beneficially owns 196.9197 phantom stock units, which represent interests in an unfunded unitized company stock fund comprised of stock and cash.

Positive

  • None.

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  • None.
Insider Hefel Juliane M.
Role Sr. VP, Ind Coatings & Sp Prod
Type Security Shares Price Value
Grant/Award Phantom Stock Units 1.037 $103.54 $107.39
Holdings After Transaction: Phantom Stock Units — 196.92 shares (Direct)
Footnotes (1)
  1. The security converts to common stock on a one-for-one basis. After termination of employment with PPG. 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.
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*
Hefel Juliane M.
(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, Ind Coatings & Sp Prod
3. Date of Earliest Transaction (Month/Day/Year)
12/12/2025
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) 12/12/2025 A 1.0372 (2) (2) Common Stock 1.0372 $103.54 196.9197(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 Juliane M. Hefel 12/15/2025
** 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 for Juliane M. Hefel?

PPG reported that senior vice president Juliane M. Hefel acquired 1.0372 phantom stock units on 12/12/2025 under the PPG Industries, Inc. Deferred Compensation Plan at $103.54 per unit.

How many phantom stock units does Juliane M. Hefel hold after this PPG (PPG) transaction?

After the reported transaction, Juliane M. Hefel beneficially owns 196.9197 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.

What do PPG Industries (PPG) phantom stock units represent in the Deferred Compensation Plan?

PPG phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. The number of shares attributed to a participant may change over time depending on the fair market value of PPG common stock and the amount of cash 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, with conversion occurring after termination of employment with PPG, as described in the footnotes.

What type of security did PPG (PPG) report on this Form 4?

The filing reports a derivative security titled Phantom Stock Units, which are tied to PPG common stock on a one-for-one conversion basis.