PPG executive granted phantom stock units

PPG Industries senior vice president Chancey E. Hagerty received a small grant of phantom stock units as compensation.

Rhea-AI Filing Summary

PPG Industries senior vice president Chancey E. Hagerty received a small grant of phantom stock units as compensation. The award covers 0.1693 phantom stock units tied to the company’s common stock at a reference value of $107.72 per unit. These units convert into common shares on a one-for-one basis after Hagerty’s employment with PPG ends and are held within the company’s Deferred Compensation Plan. Following this grant, Hagerty’s total phantom stock unit balance in the plan is 189.0032 units, which may fluctuate over time with changes in PPG’s stock price and cash within the plan’s stock fund.

Insider Trade Summary

Grant/Award: 0.1693 shares

Grant/Award 1 txn

Insider Hagerty Chancey E.

Role Sr. VP, Auto. Refinish Ctgs.

Type	Security	Shares	Price	Value
Grant/Award	Phamtom Stock Units	0.1693	$107.72	$18.24

Holdings After Transaction: Phamtom Stock Units — 189.0032 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: 0.1693 units Reference price per unit: $107.72 per unit Total phantom units after grant: 189.0032 units

3 metrics

Phantom stock units granted 0.1693 units Grant on 2026-04-15 as reported on Form 4

Reference price per unit $107.72 per unit Value used for this phantom stock unit grant

Total phantom units after grant 189.0032 units Balance in PPG Deferred Compensation Plan after transaction

Key Terms

Phantom stock units, Deferred Compensation Plan, unfunded unitized company stock fund, one-for-one basis

4 terms

Phantom stock units financial

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

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 unitized company stock fund financial

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

one-for-one basis financial

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did PPG (PPG) executive Chancey Hagerty report in this Form 4?

Chancey E. Hagerty reported receiving 0.1693 phantom stock units as a compensation grant. These units are tied to PPG common stock at a reference value of $107.72 per unit and are part of the company’s Deferred Compensation Plan.

Are the phantom stock units in PPG (PPG) an open-market stock purchase?

No, the 0.1693 phantom stock units are a compensation-related grant, not an open-market purchase. They are recorded at a reference price of $107.72 and are held in PPG’s Deferred Compensation Plan rather than being directly bought on the market.

When can PPG (PPG) phantom stock units held by Chancey Hagerty convert to common stock?

The phantom stock units convert to PPG common stock on a one-for-one basis after termination of employment with PPG. Until then, they remain as plan units whose value tracks the company’s stock and cash in the related fund.

How many phantom stock units does Chancey Hagerty hold in PPG’s plan after this grant?

After this grant, Chancey Hagerty holds a total of 189.0032 phantom stock units in PPG’s Deferred Compensation Plan. This total can change over time as the fair market value of PPG common stock and cash positions within the unitized stock fund fluctuate.

How do PPG (PPG) phantom stock units work in the Deferred Compensation Plan?

PPG phantom stock units represent interests in an unfunded unitized company stock fund composed of PPG shares and cash. The number of attributed units can change based on PPG’s stock price and the amount of cash in the fund, without any action by the participant.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/16/2026 - 02:53 PM EDT 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^*

Hagerty Chancey E.

(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, Auto. Refinish Ctgs.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

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
Phamtom Stock Units	(1)	04/15/2026		A		0.1693		(2)	(2)	Common Stock	0.1693	$107.72	189.0032(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 Chancey E. Hagerty	04/16/2026
	** 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)