PPG Industries (NYSE: PPG) Sr VP adds 19.4642 phantom stock units in plan

Rhea-AI Filing Summary

PPG Industries Sr VP Kevin D. Braun received an equity-based award of 19.4642 phantom stock units, treated as an acquisition. These units are part of the PPG Industries Deferred Compensation Plan and convert into common stock on a one-for-one basis after his employment with PPG ends. Following this grant, his deferred compensation holdings tied to phantom stock units total 845.0897 units, which track a unitized company stock fund made up of PPG stock and cash and may change over time with market value and 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

OMB Number:			3235-0287
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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)
02/27/2026

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)	02/27/2026		A		19.4642		(2)	(2)	Common Stock	19.4642	$123.27	845.0897(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	03/02/2026
	** 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 Kevin D. Braun?

PPG reported that Senior Vice President of Operations Kevin D. Braun acquired 19.4642 phantom stock units as an award. These units are part of the PPG Industries Deferred Compensation Plan and increase his total phantom stock unit holdings to 845.0897 units tied to PPG’s stock fund.

What are the terms of Kevin D. Braun’s phantom stock units at PPG (PPG)?

Braun’s phantom stock units convert to PPG common stock on a one-for-one basis after his employment terminates. The units represent interests in an unfunded company stock fund of PPG stock and cash, so the number attributed to him can change as market value and cash levels fluctuate.

How many phantom stock units does Kevin D. Braun hold after this PPG (PPG) Form 4?

After the reported acquisition, Braun holds a total of 845.0897 phantom stock units in the PPG Industries Deferred Compensation Plan. This total reflects all phantom units attributed to him and may vary over time with changes in PPG’s stock price and cash in the fund.

At what reference price were Kevin D. Braun’s PPG (PPG) phantom units valued?

The 19.4642 phantom stock units reported for Braun used a reference value of $123.2700 per unit. This value aligns with the underlying company stock fund but the phantom units themselves are plan interests rather than directly tradable PPG shares in the market.

Do Kevin D. Braun’s PPG (PPG) phantom stock units involve open-market buying or selling?

The transaction is classified as a grant or award acquisition, not an open-market purchase or sale. The phantom stock units are credited within the PPG Industries Deferred Compensation Plan, representing plan interests that track a unitized stock and cash fund rather than direct trading activity.