PPG Industries (NYSE: PPG) SVP granted new phantom stock units

Rhea-AI Filing Summary

PPG Industries Inc senior vice president Amy R. Ericson received a grant of 1.6022 phantom stock units linked to PPG common stock. These units were valued at $100.73 per unit on the grant date and increase her total phantom stock holdings in the company’s deferred compensation plan to 229.4299 units.

The phantom stock units convert into PPG common shares on a one-for-one basis after her employment with PPG ends. They represent an interest in an unfunded company stock fund made up of PPG stock and cash, so the number of units attributed to her can change over time with stock price movements and cash levels in the fund.

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

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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^*

Ericson Amy R.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. VP, P&M Coatings

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

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)	03/12/2026		A		1.6022		(2)	(2)	Common Stock	1.6022	$100.73	229.4299(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 Amy R. Ericson	03/13/2026
	** 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 did PPG (PPG) executive Amy R. Ericson report in this Form 4?

Amy R. Ericson reported receiving 1.6022 phantom stock units tied to PPG common stock. The units were valued at $100.73 each, increasing her total phantom stock holdings in PPG’s deferred compensation plan to 229.4299 units as part of her compensation.

What are the key details of the phantom stock units granted to Amy R. Ericson at PPG (PPG)?

She was granted 1.6022 phantom stock units at a reference value of $100.73 per unit. These units correspond to an equal number of underlying PPG common shares and are credited within the PPG Industries, Inc. Deferred Compensation Plan for the executive.

When and how do Amy R. Ericson’s phantom stock units at PPG (PPG) convert to common stock?

The phantom stock units convert into PPG common stock on a one-for-one basis after her employment with PPG terminates. Until then, they remain as notional units in the deferred compensation plan, tracking a company stock fund comprised of stock and cash.

How many phantom stock units does Amy R. Ericson hold in total at PPG (PPG) after this transaction?

Following this grant, Amy R. Ericson holds a total of 229.4299 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan. This figure represents all phantom stock units currently attributed to her interest in the plan’s unitized company stock fund.

How can the number of phantom stock units change for Amy R. Ericson at PPG (PPG)?

The number of phantom stock units attributed to her may change over time without her action. Changes depend on the fair market value of PPG common stock and the amount of cash in the plan’s unitized stock fund, which affects unit allocations.

Does Amy R. Ericson’s phantom stock unit grant at PPG (PPG) involve an immediate cash transaction?

The grant reflects a compensation-related award of 1.6022 phantom stock units rather than a cash trade in the market. These units represent an interest in an unfunded stock-based plan and are designed to mirror the value of PPG common stock over time.