PPG executive adds stock, phantom units grant

PPG INDUSTRIES INC (PPG) reported that officer Juliane M. Hefel, Senior Vice President, Industrial Coatings & Specialty Products, acquired additional interests in company equity on September 11, 2026.

Rhea-AI Filing Summary

PPG INDUSTRIES INC (PPG) reported that officer Juliane M. Hefel, Senior Vice President, Industrial Coatings & Specialty Products, acquired additional interests in company equity on September 11, 2026. She received 11.1288 Phantom Stock Units under the PPG Industries, Inc. Deferred Compensation Plan, which convert to common stock on a one-for-one basis after termination of employment.

On the same date, she acquired a total of 13.3824 shares of common stock through the PPG Industries dividend reinvestment program in two transactions at per-share prices referenced in the filing. Following the award, she held 1,426.2246 Phantom Stock Units in the Deferred Compensation Plan. No Rule 10b5-1 trading plan is reported for these transactions.

Insider Trade Summary

Net Buyer: 13.3824 shares

Net Buy 3 txns

Insider Hefel Juliane M.

Role Sr. VP, Ind Coatings & Sp Prod

Bought 13.3824 shs ($1K)

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units F2, F3, F4	11.1288	$105.50	$1K
Purchase	Common Stock F1	3.3514	$106.89	$358.23
Purchase	Common Stock F1	10.031	$104.78	$1K

Holdings After Transaction: Phantom Stock Units — 1,426.2246 contracts (Direct); Common Stock — 1,915.2397 shares (Direct)

Footnotes (4)

1. F1. Shares acquired by the reporting person under the PPG Industries dividend reinvestment program.
2. F2. The security converts to common stock on a one-for-one basis.
3. F3. After termination of employment with PPG.
4. F4. 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 amount of cash in the fund.

Key Figures

Phantom Stock Units granted: 11.1288 units Phantom Stock Units total after grant: 1,426.2246 units Common shares acquired (lot 1): 3.3514 shares at $106.89 per share +3 more

6 metrics

Phantom Stock Units granted 11.1288 units Grant to Juliane M. Hefel on September 11, 2026

Phantom Stock Units total after grant 1,426.2246 units Total Deferred Compensation Plan phantom units held after September 11, 2026 transaction

Common shares acquired (lot 1) 3.3514 shares at $106.89 per share Dividend reinvestment acquisition on September 11, 2026

Common shares acquired (lot 2) 10.0310 shares at $104.78 per share Dividend reinvestment acquisition on September 11, 2026

Total common shares acquired 13.3824 shares Sum of dividend reinvestment purchases reported for September 11, 2026

Reference value for Phantom Stock Units $105.50 per unit Per-unit value reported for the 11.1288 Phantom Stock Units granted

Key Terms

Phantom Stock Units, Deferred Compensation Plan, dividend reinvestment program, unfunded unitized company stock fund

4 terms

Phantom Stock Units financial

"Phantom stock units represent interests in an unfunded unitized company stock fund"

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 ... 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.

dividend reinvestment program financial

"Shares acquired by the reporting person under the PPG Industries dividend reinvestment program"

A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.

unfunded unitized company stock fund financial

"Phantom stock units represent interests in an unfunded unitized company stock fund"

FAQ

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

What did PPG (PPG) executive Juliane M. Hefel acquire in this Form 4?

Juliane M. Hefel acquired 11.1288 Phantom Stock Units under the Deferred Compensation Plan and 13.3824 shares of common stock through the PPG dividend reinvestment program on September 11, 2026.

How many Phantom Stock Units does the PPG (PPG) executive hold after these transactions?

After the September 11, 2026 grant, Juliane M. Hefel holds a total of 1,426.2246 Phantom Stock Units in the PPG Industries, Inc. Deferred Compensation Plan, as stated in the filing footnotes.

At what prices were the PPG (PPG) dividend reinvestment shares acquired?

The common shares acquired under the PPG dividend reinvestment program were reported at per-share prices of $106.89 for 3.3514 shares and $104.78 for 10.0310 shares, both on September 11, 2026.

How do PPG (PPG) Phantom Stock Units held by the executive relate to common stock?

The filing states that the Phantom Stock Units convert to PPG common stock on a one-for-one basis, with conversion occurring after termination of employment with PPG, according to the plan terms described in the footnotes.

Were the PPG (PPG) insider transactions made under a Rule 10b5-1 plan?

No. The Form 4 indicates that the Rule 10b5-1 checkbox is not marked, and there is no footnote indicating that these transactions were made pursuant to a Rule 10b5-1 or similar pre-arranged trading plan.

What is the nature of the PPG (PPG) dividend reinvestment purchases in this Form 4?

The filing specifies that the 13.3824 common shares were acquired under the PPG Industries dividend reinvestment program, meaning cash dividends were automatically reinvested into additional shares rather than received in cash.

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

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Available on EDGAR 09/14/2026 - 05:15 PM Accepted by SEC EDGAR 09/14/2026 - 05:14 PM 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^*

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. VP, Ind Coatings & Sp Prod

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2026

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
Common Stock	09/11/2026		P		3.3514(1)	A	$106.89	1,905.2087	D
Common Stock	09/11/2026		P		10.031(1)	A	$104.78	1,915.2397	D

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	(2)	09/11/2026		A		11.1288		(3)	(3)	Common Stock	11.1288	$105.5	1,426.2246(4)	D

Explanation of Responses:

1. Shares acquired by the reporting person under the PPG Industries dividend reinvestment program.

2. The security converts to common stock on a one-for-one basis.

3. After termination of employment with PPG.

4. 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 amount of cash in the fund.

Remarks:

	/s/ Greg E. Gordon, Attorney-in-Fact for Juliane M. Hefel	09/14/2026
	** 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)