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[Form 4] PPG INDUSTRIES INC Insider Trading Activity

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Form Type
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Kathy Lynn Fortmann, a director of PPG Industries, Inc. (PPG), reported a transaction dated 10/01/2025 involving phantom stock units under the company's Deferred Compensation Plan for Directors. She acquired 326.4604 phantom units, each converting one-for-one into common stock, with an attributed unit value of $104.09. After this transaction the reporting person beneficially owns 2,817.6136 shares (or share equivalents) directly. The filing notes phantom stock units represent interests in an unfunded unitized stock fund and may change with the plan's fair market value or cash component; conversion to common stock occurs upon termination of director service.

Kathy Lynn Fortmann, una dirigente di PPG Industries, Inc. (PPG), ha riportato una transazione datata 10/01/2025 che coinvolge unità azionarie fantasma nell'ambito del piano di compensazione differita per i direttori dell'azienda. Ha acquisito 326,4604 unità fantasma, ciascuna convertibile in azioni ordinarie in rapporto 1:1, con un valore unitario attribuito di $104,09. Dopo questa transazione la persona riportante detiene beneficiamente 2.817,6136 azioni (o equivalenti azionari) direttamente. La dichiarazione indica che le unità fantasma rappresentano interessi in un fondo azionario non coperto e possono variare con il fair market value del piano o con la componente in contanti; la conversione in azioni ordinarie avviene al termine della gestione come direttore.

Kathy Lynn Fortmann, una directora de PPG Industries, Inc. (PPG), informó una operación fechada el 01/10/2025 que involucra unidades de acciones fantasma bajo el plan de compensación diferida para directores de la empresa. Ella adquirió 326,4604 unidades fantasma, cada una convirtiéndose uno a uno en acciones comunes, con un valor unitario atribuido de $104,09. Después de esta transacción la persona que reporta posee beneficiosamente 2,817,6136 acciones (o equivalentes de acciones) directamente. La presentación señala que las unidades fantasma representan intereses en un fondo de acciones no financiado y pueden cambiar con el valor razonable de mercado del plan o con el componente en efectivo; la conversión a acciones comunes ocurre al finalizar el servicio como director.

Kathy Lynn FortmannPPG Industries, Inc. (PPG)이사로서 회사의 이사 보상 연기 계획에 따른 팬텀 주식 단위 거래를 2025년 10월 1일자로 보고했습니다. 그녀는 326.4604 팬텀 단위를 취득했고, 각 단위는 보통주로 1대1로 전환되며, 단위당 가치는 $104.09로 책정되었습니다. 이 거래 이후 보고자는 직접적으로 2,817.6136주(또는 주 동등물)를 수익적으로 보유합니다. 파일링은 팬텀 주식 단위가 미펀딩된 주식 펀드의 이해를 나타내며, 계획의 공정가치나 현금 구성 요소에 따라 변동될 수 있고, 이사직 종료 시 보통주로의 전환이 일어난다고 명시합니다.

Kathy Lynn Fortmann, directrice de PPG Industries, Inc. (PPG), a déclaré une opération datée du 01/10/2025 impliquant des unités d'actions fantômes dans le cadre du plan de rémunération différée des administrateurs de l'entreprise. Elle a acquis 326,4604 unités fantômes, chacune se convertissant au ratio 1:1 en actions ordinaires, avec une valeur unitaire attribuée de $104,09. Après cette opération, la personne déclarante détient bénéficiairement 2,817,6136 actions (ou équivalents d'actions) directement. Le dossier précise que les unités fantômes représentent des intérêts dans un fonds d'actions non financé et peuvent varier avec la valeur comptable équitable du plan ou avec le composant en espèces; la conversion en actions ordinaires se produit à la fin du service du directeur.

Kathy Lynn Fortmann, eine Direktorin von PPG Industries, Inc. (PPG), meldete eine Transaktion mit Datum 10/01/2025, die Phantomaktien-Einheiten gemäß dem Deferred Compensation Plan for Directors des Unternehmens betrifft. Sie erwarb 326,4604 Phantomaktien-Einheiten, wobei jede Einheit eins zu eins in Stammaktien umgewandelt wird, mit einem zugewiesenen Einheitswert von $104,09. Nach dieser Transaktion besitzt die meldende Person beneficiell 2,817,6136 Aktien (oder entsprechende Aktienwerte) direkt. Die Einreichung weist darauf hin, dass Phantomaktien-Einheiten Anteile an einem nicht finanzierten Aktienfonds darstellen und sich entsprechend dem Marktwert des Plans oder der Barkomponente ändern können; die Umwandlung in Stammaktien erfolgt bei Beendigung des Direktoratendienstes.

كاثي لين فورتمان، مديرة في PPG Industries, Inc. (PPG)، أبلغت عن معاملة مؤرَّخة في 01/10/2025 تتعلق بـ وحدات أسهم افتراضية بموجب خطة التعويض المؤجل للمديرين بالشركة. اشترت 326.4604 وحدة افتراضية، كل وحدة تتحول بشكل 1:1 إلى أسهم عادية، بقيمة وحدة تُقدَّر بـ $104.09. بعد هذه المعاملة، تمتلك الشخص المبلغ تقنيناً 2,817.6136 أسهماً (أو ما يعادلها من الأسهم) بشكل مباشر. يذكر الإيداع أن وحدات الأسهم الافتراضية تمثل مصالح في صندوق أسهم غير ممول وقد تتغير مع قيمة السوق العادلة للخطة أو مع المكوّن النقدي؛ وتتحول إلى أسهم عادية عند إنهاء خدمة المدير.

Kathy Lynn FortmannPPG Industries, Inc.(PPG)的董事,报告了一个日期为2025/10/01、涉及公司董事延期薪酬计划下的虚拟股票单位的交易。她取得了326.4604单位的虚拟股票单位,每单位1:1转换为普通股,单位价值为$104.09。交易完成后,申报人直接拥有福利性持有的2,817.6136股(或股等值)。 filings 指出,虚拟股票单位代表一项未资助的股票基金的权益,可能随计划的公允市场价值或现金部分而变动;在董事任期结束时才会转换为普通股。

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Insights

Director received 326.4604 phantom units valued at $104.09 each.

These units are part of the Deferred Compensation Plan for Directors and reflect non‑cash long-term compensation that converts to common stock one‑for‑one upon termination of service. The acquisition increases the reporting person’s direct beneficial ownership to 2,817.6136 shares or equivalents, showing continued alignment of the director’s pay with shareholder value.

The filing explicitly states unit balances can change with the plan’s fund fair value and cash components, so the reported share equivalent is a snapshot tied to the plan accounting rather than a fixed grant of common shares.

Transaction is a routine director deferred‑compensation conversion, not an open‑market trade.

The use of phantom stock units indicates the company compensates directors with unitized interests that mirror stock performance without immediate share issuance. The disclosure confirms direct beneficial ownership and the conversion timing (upon termination of service), which is governance‑relevant for dilution and insider ownership analysis.

Kathy Lynn Fortmann, una dirigente di PPG Industries, Inc. (PPG), ha riportato una transazione datata 10/01/2025 che coinvolge unità azionarie fantasma nell'ambito del piano di compensazione differita per i direttori dell'azienda. Ha acquisito 326,4604 unità fantasma, ciascuna convertibile in azioni ordinarie in rapporto 1:1, con un valore unitario attribuito di $104,09. Dopo questa transazione la persona riportante detiene beneficiamente 2.817,6136 azioni (o equivalenti azionari) direttamente. La dichiarazione indica che le unità fantasma rappresentano interessi in un fondo azionario non coperto e possono variare con il fair market value del piano o con la componente in contanti; la conversione in azioni ordinarie avviene al termine della gestione come direttore.

Kathy Lynn Fortmann, una directora de PPG Industries, Inc. (PPG), informó una operación fechada el 01/10/2025 que involucra unidades de acciones fantasma bajo el plan de compensación diferida para directores de la empresa. Ella adquirió 326,4604 unidades fantasma, cada una convirtiéndose uno a uno en acciones comunes, con un valor unitario atribuido de $104,09. Después de esta transacción la persona que reporta posee beneficiosamente 2,817,6136 acciones (o equivalentes de acciones) directamente. La presentación señala que las unidades fantasma representan intereses en un fondo de acciones no financiado y pueden cambiar con el valor razonable de mercado del plan o con el componente en efectivo; la conversión a acciones comunes ocurre al finalizar el servicio como director.

Kathy Lynn FortmannPPG Industries, Inc. (PPG)이사로서 회사의 이사 보상 연기 계획에 따른 팬텀 주식 단위 거래를 2025년 10월 1일자로 보고했습니다. 그녀는 326.4604 팬텀 단위를 취득했고, 각 단위는 보통주로 1대1로 전환되며, 단위당 가치는 $104.09로 책정되었습니다. 이 거래 이후 보고자는 직접적으로 2,817.6136주(또는 주 동등물)를 수익적으로 보유합니다. 파일링은 팬텀 주식 단위가 미펀딩된 주식 펀드의 이해를 나타내며, 계획의 공정가치나 현금 구성 요소에 따라 변동될 수 있고, 이사직 종료 시 보통주로의 전환이 일어난다고 명시합니다.

Kathy Lynn Fortmann, directrice de PPG Industries, Inc. (PPG), a déclaré une opération datée du 01/10/2025 impliquant des unités d'actions fantômes dans le cadre du plan de rémunération différée des administrateurs de l'entreprise. Elle a acquis 326,4604 unités fantômes, chacune se convertissant au ratio 1:1 en actions ordinaires, avec une valeur unitaire attribuée de $104,09. Après cette opération, la personne déclarante détient bénéficiairement 2,817,6136 actions (ou équivalents d'actions) directement. Le dossier précise que les unités fantômes représentent des intérêts dans un fonds d'actions non financé et peuvent varier avec la valeur comptable équitable du plan ou avec le composant en espèces; la conversion en actions ordinaires se produit à la fin du service du directeur.

Kathy Lynn Fortmann, eine Direktorin von PPG Industries, Inc. (PPG), meldete eine Transaktion mit Datum 10/01/2025, die Phantomaktien-Einheiten gemäß dem Deferred Compensation Plan for Directors des Unternehmens betrifft. Sie erwarb 326,4604 Phantomaktien-Einheiten, wobei jede Einheit eins zu eins in Stammaktien umgewandelt wird, mit einem zugewiesenen Einheitswert von $104,09. Nach dieser Transaktion besitzt die meldende Person beneficiell 2,817,6136 Aktien (oder entsprechende Aktienwerte) direkt. Die Einreichung weist darauf hin, dass Phantomaktien-Einheiten Anteile an einem nicht finanzierten Aktienfonds darstellen und sich entsprechend dem Marktwert des Plans oder der Barkomponente ändern können; die Umwandlung in Stammaktien erfolgt bei Beendigung des Direktoratendienstes.

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).
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)
10/01/2025
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) 10/01/2025 A 326.4604 (2) (2) Common Stock 326.4604 $104.09 2,817.6136(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 10/03/2025
** 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.
Ppg Inds Inc

NYSE:PPG

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23.59B
225.34M
0.14%
88.37%
1.92%
Specialty Chemicals
Paints, Varnishes, Lacquers, Enamels & Allied Prods
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United States
PITTSBURGH