PPG Industries (PPG) director adds 31.4774 phantom stock units in plan

Rhea-AI Filing Summary

PPG Industries Inc. reported that director Kathy Lynn Fortmann acquired 31.4774 phantom stock units tied to its common stock on 12/12/2025 under the PPG Industries, Inc. Deferred Compensation Plan for Directors. These phantom stock units convert to common stock on a one-for-one basis after her service as a director ends and are recorded at a price of $ 103.54. Following this transaction, she beneficially owns 2,849.091 phantom stock units, held directly in the plan, which represent interests in an unfunded unitized company stock fund comprised of stock and cash.

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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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^*

Fortmann Kathy Lynn

(Last) (First) (Middle)

C/O 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)

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

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		31.4774		(2)	(2)	Common Stock	31.4774	$103.54	2,849.091(3)	D

Explanation of Responses:

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

2. After termination of service as a Director of PPG Industries, Inc.

3. Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors. 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 Kathy Lynn Fortmann	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.

FAQ

What insider transaction did PPG (PPG) disclose on 12/12/2025?

The filing shows that director Kathy Lynn Fortmann acquired 31.4774 phantom stock units linked to PPG Industries Inc. common stock on 12/12/2025 under the company’s Deferred Compensation Plan for Directors.

Who is the reporting person in this PPG (PPG) Form 4 filing?

The reporting person is Kathy Lynn Fortmann, identified in the document as a Director of PPG Industries Inc., with the form signed by an Attorney-in-Fact on her behalf.

What are phantom stock units in the PPG Industries Deferred Compensation Plan for Directors?

The filing explains that phantom stock units represent interests in an unfunded unitized company stock fund comprised of PPG stock and cash, and the number of shares attributed to the participant may change over time based on the fair market value of the common stock and the amount of cash in the fund.

When do the PPG (PPG) phantom stock units convert into common stock?

According to the disclosure, the phantom stock units convert to common stock on a one-for-one basis after termination of service as a Director of PPG Industries, Inc.

How many phantom stock units does the PPG director hold after this transaction?

After the reported acquisition, the director beneficially owns a total of 2,849.091 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan for Directors.

Is the PPG (PPG) phantom stock unit holding reported as direct or indirect ownership?

The phantom stock units are reported as direct ownership (D) by the director under the PPG Industries, Inc. Deferred Compensation Plan for Directors.

What transaction price is associated with the PPG director’s phantom stock units?

The filing lists a price of $ 103.54 for the phantom stock units transaction reported on 12/12/2025.