PPG executive adds phantom stock units in plan

PPG Industries senior vice president Kevin D. Braun reported a routine compensation-related transaction involving deferred equity units.

Rhea-AI Filing Summary

PPG Industries senior vice president Kevin D. Braun reported a routine compensation-related transaction involving deferred equity units. On 01/30/2026, he acquired 0.7727 Phantom Stock Units at $115.63 each under the PPG Industries, Inc. Deferred Compensation Plan, bringing his total to 825.8385 units.

These phantom units track PPG common stock and convert into an equal number of shares on a one-for-one basis, but only after his employment with PPG ends. The plan is unfunded and unitized in stock and cash, so the number of units can change over time with stock price and cash balances.

Insider Trade Summary

Grant/Award: 0.7727 shares

Grant/Award 1 txn

Insider Braun Kevin D.

Role Sr VP, Operations

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	0.7727	$115.63	$89.35

Holdings After Transaction: Phantom Stock Units — 825.8385 contracts (Direct)

Footnotes (3)

1. F1. The security converts to common stock on a one-for-one basis.
2. F2. After termination of employment with PPG.
3. F3. 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.

FAQ

What insider transaction did PPG (PPG) disclose for Kevin D. Braun?

PPG disclosed that Sr VP, Operations Kevin D. Braun acquired 0.7727 Phantom Stock Units on 01/30/2026 at $115.63 each. This increased his holdings in the deferred compensation plan to 825.8385 phantom units linked to PPG common stock.

What are Phantom Stock Units in the PPG (PPG) deferred plan?

Phantom Stock Units in PPG’s deferred compensation plan represent interests in an unfunded unitized company stock fund of stock and cash. They track PPG’s common stock value and convert to common shares on a one-for-one basis after the executive’s employment terminates.

How many PPG (PPG) Phantom Stock Units does Kevin D. Braun now hold?

After the reported transaction, Kevin D. Braun beneficially owns 825.8385 Phantom Stock Units in PPG’s deferred compensation plan. This total reflects all phantom units attributed to him as a participant and may change with stock price and cash levels in the plan.

When do PPG (PPG) Phantom Stock Units convert into common stock?

PPG’s Phantom Stock Units convert into common stock on a one-for-one basis after termination of employment with PPG. Until then, they function as bookkeeping units that mirror the value of a unitized company stock fund rather than current, freely tradable shares.

Does the PPG (PPG) executive control changes in his Phantom Stock Unit balance?

The filing notes that the number of Phantom Stock Units can change without the reporting person’s volition. Changes depend on the fair market value of PPG common stock and the amount of cash in the unitized company stock fund underlying the deferred compensation plan.

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Accepted by SEC EDGAR 02/02/2026 - 02:49 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^*

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)
01/30/2026

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)	01/30/2026		A		0.7727		(2)	(2)	Common Stock	0.7727	$115.63	825.8385(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	02/02/2026
	** 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.