PPG CEO granted 35 phantom stock units at $112

PPG INDUSTRIES INC (PPG) reported that Chairman and CEO Timothy M. Knavish received a grant of 35.1445 Phantom Stock Units linked to PPG common stock on 2026-08-31.

Rhea-AI Filing Summary

PPG INDUSTRIES INC (PPG) reported that Chairman and CEO Timothy M. Knavish received a grant of 35.1445 Phantom Stock Units linked to PPG common stock on 2026-08-31. The units were valued at $112.17 per unit for reporting purposes, increasing his direct holdings in the deferred compensation plan to 12,737.184 Phantom Stock Units.

Each Phantom Stock Unit converts into one share of common stock after termination of employment with PPG and represents an interest in an unfunded, unitized company stock fund comprised of stock and cash. The attributed number of units may change over time with changes in PPG’s stock price and the cash balance in the fund.

Insider Trade Summary

Grant/Award: 35.1445 shares

Grant/Award 1 txn

Insider KNAVISH TIMOTHY M

Role Chairman and CEO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units F1, F2, F3	35.1445	$112.17	$4K

Holdings After Transaction: Phantom Stock Units — 12,737.184 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 Stock Units granted: 35.1445 units Reporting value per Phantom Stock Unit: $112.1700 per unit Total Phantom Stock Units held after transaction: 12,737.1840 units +2 more

5 metrics

Phantom Stock Units granted 35.1445 units Grant to Timothy M. Knavish on 2026-08-31

Reporting value per Phantom Stock Unit $112.1700 per unit Value used for the 2026-08-31 grant

Total Phantom Stock Units held after transaction 12,737.1840 units Aggregate holdings in PPG Industries, Inc. Deferred Compensation Plan

Conversion ratio 1 Phantom Stock Unit to 1 share of common stock Conversion after termination of employment with PPG

Transaction date 2026-08-31 Date of Phantom Stock Unit grant

Key Terms

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

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

"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 financial

"Phantom stock units represent interests in an unfunded unitized company stock fund"

unitized company stock fund financial

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

FAQ

What did PPG (PPG) disclose about Timothy M. Knavish in this Form 4?

PPG disclosed that Chairman and CEO Timothy M. Knavish received a grant of 35.1445 Phantom Stock Units on 2026-08-31, increasing his direct holdings in the company’s deferred compensation plan to 12,737.184 Phantom Stock Units linked to PPG common stock.

At what value were the new Phantom Stock Units for PPG (PPG) reported?

The 35.1445 Phantom Stock Units granted to Timothy M. Knavish were reported at a value of $112.17 per unit for Form 4 reporting purposes, reflecting the reference price applied to this derivative award linked to PPG common stock.

How many Phantom Stock Units does Timothy M. Knavish now hold at PPG (PPG)?

Following the reported grant, Timothy M. Knavish directly holds a total of 12,737.184 Phantom Stock Units in the PPG Industries, Inc. Deferred Compensation Plan, representing his interests in the plan’s unitized company stock fund tied to PPG common stock and cash.

When do Knavish’s Phantom Stock Units at PPG (PPG) convert into common stock?

The filing states that the Phantom Stock Units convert into PPG common stock on a one-for-one basis after termination of employment with PPG. Until then, they remain as derivative interests in the company’s deferred compensation plan.

What are Phantom Stock Units in the context of PPG (PPG)?

For PPG, Phantom Stock Units are interests in an unfunded unitized company stock fund within the Deferred Compensation Plan, comprised of PPG stock and cash. The number of units attributed to the participant may change with PPG’s stock price and the fund’s cash level.

Are the Phantom Stock Units for PPG (PPG) part of a funded plan?

No. The Phantom Stock Units are described as interests in an unfunded unitized company stock fund under the PPG Industries, Inc. Deferred Compensation Plan, meaning they represent bookkeeping units rather than segregated, funded assets held for the participant.

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Available on EDGAR 09/01/2026 - 11:37 AM Accepted by SEC EDGAR 09/01/2026 - 11:37 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^*

KNAVISH TIMOTHY M

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/31/2026

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)	08/31/2026		A		35.1445		(2)	(2)	Common Stock	35.1445	$112.17	12,737.184(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 Timothy M. Knavish	09/01/2026
	** 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)