PPG (NYSE: PPG) CEO receives new phantom stock unit award

Rhea-AI Filing Summary

PPG Industries Chairman and CEO Timothy M. Knavish reported receiving a grant of 9.3334 phantom stock units valued at $123.27 per unit. This award increases his directly held phantom stock units in the company’s deferred compensation plan to 12,298.5743 units.

The phantom units track PPG’s common stock and convert to common shares on a one-for-one basis after his termination of employment. They represent interests in an unfunded company stock fund whose value changes with PPG’s share price and cash held 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^*

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)
02/27/2026

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)	02/27/2026		A		9.3334		(2)	(2)	Common Stock	9.3334	$123.27	12,298.5743(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	03/02/2026
	** 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 for Timothy M. Knavish?

PPG reported that Chairman and CEO Timothy M. Knavish acquired 9.3334 phantom stock units as a grant. These units are part of a deferred compensation plan and increase his total phantom holdings to 12,298.5743 units linked to PPG’s common stock.

What are phantom stock units in the PPG (PPG) deferred compensation plan?

Phantom stock units in PPG’s deferred compensation plan represent interests in an unfunded unitized company stock fund. The fund is comprised of PPG stock and cash, so each participant’s attributed units change with PPG’s share price and the fund’s cash balance.

At what value were Timothy M. Knavish’s new PPG phantom stock units recorded?

Timothy M. Knavish’s 9.3334 newly awarded PPG phantom stock units were recorded at $123.27 per unit. This valuation is used for the grant and reflects the reference price applied when the phantom stock units were credited to his deferred compensation account.

How many PPG phantom stock units does Timothy M. Knavish hold after this grant?

After this grant, Timothy M. Knavish holds a total of 12,298.5743 phantom stock units in PPG’s deferred compensation plan. This figure aggregates all phantom units credited to him, including the latest 9.3334-unit grant reported in the Form 4 filing.

When do PPG phantom stock units for Timothy M. Knavish convert into common stock?

PPG’s phantom stock units held by Timothy M. Knavish convert into common stock on a one-for-one basis after termination of employment with PPG. Until then, they remain phantom interests whose value fluctuates with PPG’s share price and plan cash levels.

Does Timothy M. Knavish’s PPG phantom stock grant involve immediate cash or share delivery?

The phantom stock grant does not involve immediate cash or share delivery. Instead, it credits phantom units to a deferred compensation account, representing an unfunded interest in a company stock fund that will convert to PPG common stock after his employment ends.