PPG executive granted phantom stock units

PPG Industries senior vice president Chancey E. Hagerty received a grant of phantom stock units as part of equity-based compensation.

Rhea-AI Filing Summary

PPG Industries senior vice president Chancey E. Hagerty received a grant of phantom stock units as part of equity-based compensation. On March 31, 2026, Hagerty acquired 0.0575 phantom stock units, each linked to PPG common stock at a reference price of $106.88 per unit.

Following this award, Hagerty directly holds a total of 188.8339 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan. These units convert into PPG common stock on a one-for-one basis after termination of employment and can fluctuate over time with changes in PPG’s stock price and cash in the plan’s unitized stock fund.

Insider Trade Summary

Grant/Award: 0.0575 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	0.0575	$106.88	$6.15

Holdings After Transaction: Phamtom Stock Units — 188.8339 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 units granted: 0.0575 units Reference price per unit: $106.88 per unit Total phantom units after grant: 188.8339 units +1 more

4 metrics

Phantom units granted 0.0575 units Grant of phantom stock units on March 31, 2026

Reference price per unit $106.88 per unit Price associated with phantom stock unit grant

Total phantom units after grant 188.8339 units Total phantom stock units held in Deferred Compensation Plan

Conversion ratio 1 unit : 1 share Phantom stock units convert to PPG common stock one-for-one

Key Terms

Phantom stock units, Deferred Compensation Plan, unfunded unitized company stock fund, one-for-one basis, +1 more

5 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"

termination of employment financial

"After termination of employment with PPG"

FAQ

What insider transaction did PPG (PPG) report for Chancey E. Hagerty?

PPG reported that senior vice president Chancey E. Hagerty received a grant of 0.0575 phantom stock units. These units are part of deferred equity compensation and are tied to PPG’s common stock, converting one-for-one after employment ends under the Deferred Compensation Plan.

How many phantom stock units does the PPG (PPG) executive now hold?

After the latest grant, Chancey E. Hagerty holds a total of 188.8339 phantom stock units. This figure reflects all units credited under the PPG Industries, Inc. Deferred Compensation Plan and can change with PPG’s stock price and cash in the unitized stock fund.

At what reference price were the new PPG (PPG) phantom stock units granted?

The 0.0575 phantom stock units granted to Chancey E. Hagerty used a reference price of $106.88 per unit. This price helps determine the value of the phantom units, which mirror PPG’s common stock performance within the Deferred Compensation Plan structure.

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

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 bookkeeping entries in the Deferred Compensation Plan, with value that varies based on PPG’s stock price and cash balances.

What does it mean that PPG (PPG) phantom stock units are held in an unfunded unitized company stock fund?

The phantom stock units represent interests in an unfunded unitized company stock fund holding PPG stock and cash. As a plan participant, Hagerty’s attributed units can change over time with movements in PPG’s share price and shifts in the cash portion of the fund.

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Accepted by SEC EDGAR 04/01/2026 - 12:05 PM 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)
03/31/2026

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
Phamtom Stock Units	(1)	03/31/2026		A		0.0575		(2)	(2)	Common Stock	0.0575	$106.88	188.8339(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	04/01/2026
	** 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)