PPG Industries awards stock units to legal chief

PPG INDUSTRIES INC officer Anne M. Foulkes, Sr.

Rhea-AI Filing Summary

PPG INDUSTRIES INC officer Anne M. Foulkes, Sr. VP, Legal & Special Projects, reported an award of 16.3300 Phantom Stock Units linked to PPG common stock at a reference value of $114.11 per unit. These units convert to common stock on a one-for-one basis and generally settle after termination of employment. Following this award, Foulkes holds a total of 853.0212 Phantom Stock Units in the PPG Industries, Inc. Deferred Compensation Plan, which is an unfunded unitized company stock fund whose attributed unit count can change with stock price and cash levels in the fund.

Insider Trade Summary

Grant/Award: 16.33 shares

Grant/Award 1 txn

Insider Foulkes Anne M.

Role Sr. VP, Legal & Spl. Projects

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units F1, F2, F3	16.33	$114.11	$2K

Holdings After Transaction: Phantom Stock Units — 853.0212 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 Awarded: 16.3300 units Reference Price per Unit: $114.1100 Total Phantom Stock Units After Transaction: 853.0212 units +1 more

4 metrics

Phantom Stock Units Awarded 16.3300 units Grant of Phantom Stock Units to Anne M. Foulkes on 2026-08-14

Reference Price per Unit $114.1100 Per-unit value used for the Phantom Stock Units award

Total Phantom Stock Units After Transaction 853.0212 units Aggregate Phantom Stock Units held in the Deferred Compensation Plan after the award

Underlying Common Stock Shares 16.3300 shares Common Stock underlying the Phantom Stock Units on a one-for-one conversion basis

Key Terms

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

3 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."

FAQ

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

What transaction did PPG (PPG) executive Anne M. Foulkes report in this Form 4?

Anne M. Foulkes reported an award of 16.3300 Phantom Stock Units tied to PPG common stock. The units are part of compensation and convert to common shares on a one-for-one basis after employment ends.

What is the value reference for the new Phantom Stock Units reported by PPG’s Anne M. Foulkes?

The 16.3300 Phantom Stock Units use a $114.11 per unit reference price. This value reflects the underlying common stock price used for the deferred compensation entry, not an open-market purchase or sale.

How many Phantom Stock Units does Anne M. Foulkes hold in total at PPG (PPG)?

After the reported award, Anne M. Foulkes holds 853.0212 Phantom Stock Units in PPG’s Deferred Compensation Plan. This total can change over time with PPG’s stock price and the amount of cash in the plan’s unitized fund.

When do the Phantom Stock Units for PPG executive Anne M. Foulkes convert into common stock?

The Phantom Stock Units convert into PPG common stock on a one-for-one basis and are payable after termination of employment with PPG. Timing is therefore linked to the end of her employment with the company.

What does it mean that Anne M. Foulkes’s Phantom Stock Units are in an unfunded unitized company stock fund at PPG?

The units represent interests in an unfunded unitized company stock fund holding PPG stock and cash. The number of units attributed to her may change as PPG’s stock price and the cash balance in the fund fluctuate.

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

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Available on EDGAR 08/17/2026 - 10:53 AM EDT Accepted by SEC EDGAR 08/17/2026 - 10:52 AM 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

X

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^*

Foulkes Anne 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. VP, Legal & Spl. Projects

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026

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)	08/14/2026		A		16.33		(2)	(2)	Common Stock	16.33	$114.11	853.0212(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 Anne M. Foulkes	08/17/2026
	** 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)