PPG Industries (NYSE: PPG) CEO adds phantom stock units in deferred plan

Rhea-AI Filing Summary

KNAVISH TIMOTHY M reported acquisition or exercise transactions in this Form 4 filing.

PPG Industries reported that Chairman and CEO Timothy M. Knavish received a grant of 0.9913 Phantom Stock Units on March 13, 2026 as a compensation-related award. Each unit is linked one-for-one to PPG common stock and is credited in a deferred compensation plan.

The units were valued at $101.89 per unit for this grant. Following this award, Knavish holds a total of 12,415.147 Phantom Stock Units in the PPG deferred compensation plan, which are generally payable after termination of employment. This is a routine, non-market transaction.

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

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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^*

KNAVISH TIMOTHY M

(Last) (First) (Middle)

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
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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)	03/13/2026		A		0.9913		(2)	(2)	Common Stock	0.9913	$101.89	12,415.147(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 Timothy M. Knavish	03/16/2026
	** 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.

FAQ

What insider transaction did PPG (PPG) report in this Form 4?

PPG disclosed that Chairman and CEO Timothy M. Knavish received a grant of 0.9913 Phantom Stock Units on March 13, 2026. The award is part of a deferred compensation arrangement, not an open-market stock purchase or sale.

Who is the insider involved in the latest PPG (PPG) Form 4 filing?

The filing involves Timothy M. Knavish, Chairman and CEO of PPG Industries. He reported receiving additional Phantom Stock Units as part of his compensation, increasing his deferred interest in a unitized company stock fund tied to PPG common shares.

How many Phantom Stock Units does the PPG CEO hold after this transaction?

After the March 13, 2026 grant, Timothy M. Knavish holds a total of 12,415.147 Phantom Stock Units. These represent his accumulated interests in PPG’s deferred compensation plan, which tracks the value of PPG common stock and related cash in a unitized fund.

What are Phantom Stock Units in the PPG deferred compensation plan?

PPG’s Phantom Stock Units represent interests in an unfunded unitized company stock fund holding PPG stock and cash. They convert to common stock on a one-for-one basis and are generally paid after employment ends, with balances fluctuating as PPG’s share price and fund cash value change.

Does this PPG Form 4 show an open-market buy or sell of shares?

No. The Form 4 reports a grant of Phantom Stock Units to the CEO as compensation, not an open-market purchase or sale. The award is credited within PPG’s deferred compensation plan and settles in common stock after employment termination.

At what reference price were the new PPG Phantom Stock Units granted?

The reported transaction shows the 0.9913 Phantom Stock Units valued at $101.89 per unit. This price is used for the grant entry in the deferred compensation plan, which tracks the value of PPG common stock through a unitized stock and cash fund.