PPG director granted phantom stock units

PPG Industries director Chris Roberts III received a grant of 28.6067 phantom stock units as compensation.

Rhea-AI Filing Summary

PPG Industries director Chris Roberts III received a grant of 28.6067 phantom stock units as compensation. These units are tied to PPG common stock on a one-for-one basis and are held in the company’s Deferred Compensation Plan for Directors. Following this award, Roberts holds a total of 4,028.8359 phantom stock units, which track the value of PPG shares and can convert into common stock after his service as a director ends.

Insider Trade Summary

Grant/Award: 28.6067 shares

Grant/Award 1 txn

Insider Roberts III Chris

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phamtom Stock Units	28.6067	$119.34	$3K

Holdings After Transaction: Phamtom Stock Units — 4,028.8359 contracts (Direct)

Footnotes (3)

1. F1. The security converts to common stock on a one-for-one basis.
2. F2. After termination of service as a Director of PPG Industries, Inc.
3. F3. 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.

Key Figures

Phantom units granted: 28.6067 units Unit reference price: $119.3400 per unit Total phantom units after grant: 4,028.8359 units +2 more

5 metrics

Phantom units granted 28.6067 units Grant of phantom stock units on 2026-06-12

Unit reference price $119.3400 per unit Reference price used for the phantom unit award

Total phantom units after grant 4,028.8359 units Director’s phantom stock balance following the transaction

Conversion ratio 1:1 to common stock Each phantom unit converts into one PPG common share

Exercise/expiration price $0.0000 Phantom units carry no stated exercise or expiration price

Key Terms

Phantom stock units, Deferred Compensation Plan for Directors, unfunded unitized company stock fund, fair market value of the issuer's common stock

4 terms

Phantom stock units financial

"Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors."

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 for Directors financial

"Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors."

A deferred compensation plan for directors is an arrangement that lets board members postpone receiving part of their pay until a later date—often retirement or a set future time—so the money can grow or be paid under specified conditions. Think of it like directing a portion of your paycheck into a locked savings account that pays out later; investors care because it creates future cash or stock obligations, signals how the company motivates and retains leadership, and can affect shareholder value through timing of payouts or potential dilution.

unfunded unitized company stock fund financial

"Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash."

fair market value of the issuer's common stock financial

"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"

FAQ

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

What did PPG (PPG) director Chris Roberts III report in this Form 4?

Chris Roberts III reported receiving 28.6067 phantom stock units as a compensation award. These units are linked to PPG common stock and increase his total phantom holdings to 4,028.8359 units under the Deferred Compensation Plan for Directors.

Are the PPG (PPG) phantom stock units a stock purchase or a grant?

The 28.6067 phantom stock units are a grant, not an open-market purchase. The filing classifies the transaction as a “grant, award, or other acquisition,” reflecting compensation rather than a voluntary share buy by the director.

How 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. According to the filing footnotes, this conversion occurs after the director’s termination of service, aligning the award with long-term board tenure and company performance.

What is the total phantom stock position reported by the PPG (PPG) director?

After this transaction, Chris Roberts III holds 4,028.8359 phantom stock units. The filing notes these units represent interests in an unfunded unitized company stock fund, whose value changes with PPG’s share price and cash levels in the fund.

Does this PPG (PPG) Form 4 indicate any insider share sales?

The Form 4 does not report any share sales. It shows one acquisition transaction coded as an award of 28.6067 phantom stock units, with no open-market buys or sells and no tax-withholding or restructuring entries disclosed.

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

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Accepted by SEC EDGAR 06/15/2026 - 04:00 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^*

Roberts III Chris

(Last) (First) (Middle)

C/O 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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026

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)	06/12/2026		A		28.6067		(2)	(2)	Common Stock	28.6067	$119.34	4,028.8359(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 Chris Roberts III	06/15/2026
	** 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)