PPG executive granted 1.1955 phantom stock units

PPG Industries senior vice president of operations Kevin D. Braun received a grant of 1.1955 phantom stock units tied to PPG common stock at a reference price of $121.5300 per unit.

Rhea-AI Filing Summary

PPG Industries senior vice president of operations Kevin D. Braun received a grant of 1.1955 phantom stock units tied to PPG common stock at a reference price of $121.5300 per unit. These units convert into common shares on a one-for-one basis and are generally payable after his employment with PPG ends. Following this grant, he holds a total of 885.6603 phantom stock units in the company’s deferred compensation plan, where the balance can fluctuate with PPG’s stock price and cash levels in the plan’s unitized stock fund.

Insider Trade Summary

Grant/Award: 1.1955 shares

Grant/Award 1 txn

Insider Braun Kevin D.

Role Sr VP, Operations

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	1.1955	$121.53	$145.29

Holdings After Transaction: Phantom Stock Units — 885.6603 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.

Key Figures

Phantom units granted: 1.1955 units Reference price per unit: $121.5300 Total phantom units after grant: 885.6603 units +1 more

4 metrics

Phantom units granted 1.1955 units Grant of phantom stock units to Kevin D. Braun

Reference price per unit $121.5300 Price per phantom stock unit for this award

Total phantom units after grant 885.6603 units Total phantom stock units held after transaction

Conversion ratio 1:1 to common stock Phantom stock units convert to PPG common stock

Key Terms

Phantom Stock Units, Deferred Compensation Plan, unfunded unitized company stock fund, fair market value

4 terms

Phantom Stock Units financial

"The security converts to common stock on a one-for-one basis."

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

Deferred Compensation Plan financial

"Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan."

A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.

unfunded unitized company stock fund financial

"Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash."

fair market value financial

"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"

The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.

FAQ

What did Kevin D. Braun report in this PPG (PPG) Form 4?

Kevin D. Braun reported receiving 1.1955 phantom stock units. These units are tied to PPG common stock at a reference price of $121.5300 and increase his total phantom stock holdings in the deferred compensation plan to 885.6603 units.

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

Phantom stock units represent interests in a unitized company stock fund. For PPG, they are part of an unfunded deferred compensation plan holding stock and cash, and their value can change with the fair market value of PPG’s common stock and cash in the fund.

How many phantom stock units does Kevin D. Braun hold after this PPG grant?

After the reported grant, Kevin D. Braun holds 885.6603 phantom stock units. This total reflects all phantom units attributed to him in PPG’s deferred compensation plan, including the new 1.1955-unit award reported in this Form 4.

At what price were the new PPG phantom stock units credited to Kevin D. Braun?

The new phantom stock units were credited at $121.5300 per unit. This reference price applies to the 1.1955 phantom stock units awarded and is tied to the value of PPG’s common stock within the deferred compensation plan.

When do Kevin D. Braun’s PPG phantom stock units convert into common stock?

The phantom stock units convert to PPG common stock on a one-for-one basis. According to the disclosure, this conversion generally occurs after termination of employment with PPG, aligning payout with his departure from the company.

Can the number of PPG phantom stock units attributed to Kevin D. Braun change over time?

Yes, his attributed phantom stock units may change over time. The disclosure notes the number of units can vary without his volition, depending on PPG’s common stock fair market value and the amount of cash held in the unitized stock fund.

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Accepted by SEC EDGAR 06/16/2026 - 11:27 AM 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 PENNSYLVANIA 15272

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)	06/15/2026		A		1.1955		(2)	(2)	Common Stock	1.1955	$121.53	885.6603(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	06/16/2026
	** 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.
* Form 4: SEC 1474 (03-26)