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PPG Industries (NYSE: PPG) grants phantom stock units to executive

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

PPG Industries disclosed that Senior Vice President Juliane M. Hefel received a grant of 2.8719 Phantom Stock Units on 2026-07-15, using a reference value of $115.3100 per unit. The units are held in the PPG Industries Deferred Compensation Plan, convert one-for-one into common stock after termination of employment, and increase her plan balance to 1409.9477 phantom units. This is a compensation-related award of derivative interests, not an open‑market purchase or sale of common shares.

Positive

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Insider Hefel Juliane M.
Role Sr. VP, Ind Coatings & Sp Prod
Type Security Shares Price Value
Grant/Award Phantom Stock Units 2.872 $115.31 $331.16
Holdings After Transaction: Phantom Stock Units — 1,409.948 shares (Direct)
Footnotes (1)
  1. The security converts to common stock on a one-for-one basis. After termination of employment with PPG. 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.
Phantom units granted 2.8719 units Grant of Phantom Stock Units on 2026-07-15
Reference price per unit $115.3100 Per-unit value associated with the phantom unit grant on 2026-07-15
Total phantom units after grant 1409.9477 units Total Phantom Stock Units held in the PPG Deferred Compensation Plan after the transaction
Underlying common shares 2.8719 shares Common stock underlying the Phantom Stock Units granted
Phantom Stock Units financial
"Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan."
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."

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FAQ

What insider transaction did PPG (PPG) report for Juliane M. Hefel?
PPG reported that Senior Vice President Juliane M. Hefel received a grant of 2.8719 Phantom Stock Units on 2026-07-15. The award is part of a deferred compensation arrangement and is not an open-market stock purchase or sale.

How many phantom stock units does Juliane M. Hefel hold after this PPG (PPG) award?
After the transaction, Juliane M. Hefel holds a total of 1409.9477 Phantom Stock Units in the PPG Industries Deferred Compensation Plan. These units represent interests in a unitized company stock fund tied to PPG common stock and cash.

What is the value reference for the new phantom stock units at PPG (PPG)?
The 2.8719 Phantom Stock Units granted to Juliane M. Hefel used a reference value of $115.3100 per unit. This reference price reflects the underlying common stock value used in crediting the deferred compensation units.

When can Juliane M. Hefel’s PPG (PPG) phantom stock units convert to common stock?
The phantom stock units are described as converting to PPG common stock on a one-for-one basis after termination of employment with PPG. Until then, they remain deferred compensation interests in an unfunded unitized company stock fund.

What does a phantom stock unit represent in PPG (PPG)’s Deferred Compensation Plan?
PPG states that Phantom Stock Units represent interests in an unfunded unitized company stock fund composed of PPG stock and cash. The number of units can change over time with stock price movements and cash levels in the fund.
SEC Form 4
FORM 4UNITED 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*
Hefel Juliane 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Sr. VP, Ind Coatings & Sp Prod
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units(1)07/15/2026A2.8719 (2) (2)Common Stock2.8719$115.311,409.9477(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 Juliane M. Hefel07/16/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR