STOCK TITAN

[Form 4] PPG Industries, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Kevin D. Braun, identified as Sr. VP, Operations of PPG Industries, reported a transaction on 08/15/2025 involving phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan. The filing records an acquisition of 0.7262 units (reported as an A transaction) tied to phantom stock that converts to common stock on a one-for-one basis. The filing shows a price reference of $111.8 and indicates the reporting person beneficially owns 623.8924 units following the transaction. The filing explains phantom units represent interests in an unfunded unitized company stock fund and may change with fair market value and cash components. The form was signed by an attorney-in-fact on 08/18/2025.

Kevin D. Braun, indicato come Sr. VP, Operations di PPG Industries, ha riportato una operazione del 15/08/2025 relativa a unità di azioni fantasma nel PPG Industries, Inc. Deferred Compensation Plan. La comunicazione registra l'acquisizione di 0.7262 unità (segnalata come transazione A) legate ad azioni fantasma convertibili in azioni ordinarie in rapporto uno a uno. Viene indicato un valore di riferimento di $111.8 e che la persona segnalante detiene beneficamente 623.8924 unità dopo l'operazione. Il documento spiega che le unità fantasma rappresentano partecipazioni in un fondo azionario aziendale non finanziato e unitizzato e possono variare in base al valore di mercato e a componenti in contanti. Il modulo è stato firmato da un procuratore il 18/08/2025.

Kevin D. Braun, identificado como Sr. VP, Operations de PPG Industries, informó una operación el 15/08/2025 relacionada con unidades de acciones fantasma en el PPG Industries, Inc. Deferred Compensation Plan. La presentación registra la adquisición de 0.7262 unidades (reportada como transacción A) vinculadas a acciones fantasma que se convierten en acciones ordinarias a razón de una por una. Se indica un precio de referencia de $111.8 y que la persona informante posee beneficiariamente 623.8924 unidades tras la operación. El documento explica que las unidades fantasma representan participaciones en un fondo de acciones de la compañía no financiado y unitizado y pueden variar con el valor razonable de mercado y componentes en efectivo. El formulario fue firmado por un apoderado el 18/08/2025.

Kevin D. Braun(Sr. VP, Operations, PPG Industries)가 2025-08-15에 PPG Industries, Inc. Deferred Compensation Plan의 팬텀 스톡 단위에 관한 거래를 보고했습니다. 제출서류에는 1대1로 보통주로 전환되는 팬텀 스톡과 관련된 0.7262 단위(거래 유형 A로 보고)를 취득한 것으로 기록되어 있습니다. 기준 가격으로 $111.8가 기재되어 있으며, 해당 거래 후 보고인은 총 623.8924 단위를 실질적으로 보유하고 있는 것으로 나타납니다. 제출서류는 팬텀 단위가 무펀드(unitized) 회사 주식 펀드에 대한 이익을 나타내며 공정시장가치와 현금 구성요소에 따라 변동할 수 있다고 설명합니다. 서류는 2025-08-18에 대리인이 서명했습니다.

Kevin D. Braun, identifié comme Sr. VP, Operations de PPG Industries, a déclaré une opération en date du 15/08/2025 portant sur des unités d'actions fantômes dans le PPG Industries, Inc. Deferred Compensation Plan. Le dossier enregistre l'acquisition de 0.7262 unités (déclarée comme une transaction A) liées à des actions fantômes convertibles en actions ordinaires au taux d'un pour un. Un prix de référence de $111.8 est indiqué et la personne déclarante détient bénéficiairement 623.8924 unités après la transaction. Le document précise que les unités fantômes représentent des intérêts dans un fonds d'actions de la société non financé et unitisé et peuvent varier selon la juste valeur du marché et des composantes en espèces. Le formulaire a été signé par un mandataire le 18/08/2025.

Kevin D. Braun, angegeben als Sr. VP, Operations von PPG Industries, meldete am 15.08.2025 eine Transaktion mit Phantomaktieneinheiten im PPG Industries, Inc. Deferred Compensation Plan. Die Einreichung verzeichnet den Erwerb von 0.7262 Einheiten (als Transaktion A gemeldet), die an Phantomaktien gebunden sind und im Verhältnis eins zu eins in Stammaktien umgewandelt werden. Es ist ein Referenzpreis von $111.8 angegeben und die meldende Person besitzt nach der Transaktion wirtschaftlich 623.8924 Einheiten. Die Unterlage erklärt, dass Phantom-Einheiten Beteiligungen an einem nicht finanzierten, unitisierten Unternehmensaktienfonds darstellen und sich mit dem Fair Market Value sowie Bargeldbestandteilen ändern können. Das Formular wurde am 18.08.2025 von einem Bevollmächtigten unterschrieben.

Positive
  • Transparent disclosure of phantom stock unit accrual and total beneficial ownership (623.8924 units) under the deferred compensation plan
  • Conversion mechanism explicitly stated as one-for-one to common stock, clarifying underlying economics
Negative
  • None.

Insights

TL;DR: Routine deferred compensation phantom-unit credit; not a market-moving insider trade.

The Form 4 documents an accrual/credit of phantom stock units to a senior officer under the company's deferred compensation plan, which convert one-for-one into common shares after plan conditions (noted to occur after termination of employment). The reported 0.7262 unit increment and a referenced value of $111.8 appear consistent with periodic unit accounting rather than an open-market purchase or sale. The total reported beneficial position of 623.8924 units provides transparency on aggregate exposure. This is a compensation accounting event with limited immediate liquidity or voting impact.

TL;DR: Disclosure meets Section 16 reporting; transaction reflects plan mechanics, not a discretionary trade.

The filing explains the phantom units are part of an unfunded unitized stock fund and may fluctuate with stock value and fund cash. The one-for-one conversion statement and the note that conversion occurs after termination of employment clarify transferability constraints. Signature by an attorney-in-fact is documented. From a governance perspective, this is a standard disclosure of executive deferred compensation and does not indicate a change in control, major share disposition, or immediate dilution.

Kevin D. Braun, indicato come Sr. VP, Operations di PPG Industries, ha riportato una operazione del 15/08/2025 relativa a unità di azioni fantasma nel PPG Industries, Inc. Deferred Compensation Plan. La comunicazione registra l'acquisizione di 0.7262 unità (segnalata come transazione A) legate ad azioni fantasma convertibili in azioni ordinarie in rapporto uno a uno. Viene indicato un valore di riferimento di $111.8 e che la persona segnalante detiene beneficamente 623.8924 unità dopo l'operazione. Il documento spiega che le unità fantasma rappresentano partecipazioni in un fondo azionario aziendale non finanziato e unitizzato e possono variare in base al valore di mercato e a componenti in contanti. Il modulo è stato firmato da un procuratore il 18/08/2025.

Kevin D. Braun, identificado como Sr. VP, Operations de PPG Industries, informó una operación el 15/08/2025 relacionada con unidades de acciones fantasma en el PPG Industries, Inc. Deferred Compensation Plan. La presentación registra la adquisición de 0.7262 unidades (reportada como transacción A) vinculadas a acciones fantasma que se convierten en acciones ordinarias a razón de una por una. Se indica un precio de referencia de $111.8 y que la persona informante posee beneficiariamente 623.8924 unidades tras la operación. El documento explica que las unidades fantasma representan participaciones en un fondo de acciones de la compañía no financiado y unitizado y pueden variar con el valor razonable de mercado y componentes en efectivo. El formulario fue firmado por un apoderado el 18/08/2025.

Kevin D. Braun(Sr. VP, Operations, PPG Industries)가 2025-08-15에 PPG Industries, Inc. Deferred Compensation Plan의 팬텀 스톡 단위에 관한 거래를 보고했습니다. 제출서류에는 1대1로 보통주로 전환되는 팬텀 스톡과 관련된 0.7262 단위(거래 유형 A로 보고)를 취득한 것으로 기록되어 있습니다. 기준 가격으로 $111.8가 기재되어 있으며, 해당 거래 후 보고인은 총 623.8924 단위를 실질적으로 보유하고 있는 것으로 나타납니다. 제출서류는 팬텀 단위가 무펀드(unitized) 회사 주식 펀드에 대한 이익을 나타내며 공정시장가치와 현금 구성요소에 따라 변동할 수 있다고 설명합니다. 서류는 2025-08-18에 대리인이 서명했습니다.

Kevin D. Braun, identifié comme Sr. VP, Operations de PPG Industries, a déclaré une opération en date du 15/08/2025 portant sur des unités d'actions fantômes dans le PPG Industries, Inc. Deferred Compensation Plan. Le dossier enregistre l'acquisition de 0.7262 unités (déclarée comme une transaction A) liées à des actions fantômes convertibles en actions ordinaires au taux d'un pour un. Un prix de référence de $111.8 est indiqué et la personne déclarante détient bénéficiairement 623.8924 unités après la transaction. Le document précise que les unités fantômes représentent des intérêts dans un fonds d'actions de la société non financé et unitisé et peuvent varier selon la juste valeur du marché et des composantes en espèces. Le formulaire a été signé par un mandataire le 18/08/2025.

Kevin D. Braun, angegeben als Sr. VP, Operations von PPG Industries, meldete am 15.08.2025 eine Transaktion mit Phantomaktieneinheiten im PPG Industries, Inc. Deferred Compensation Plan. Die Einreichung verzeichnet den Erwerb von 0.7262 Einheiten (als Transaktion A gemeldet), die an Phantomaktien gebunden sind und im Verhältnis eins zu eins in Stammaktien umgewandelt werden. Es ist ein Referenzpreis von $111.8 angegeben und die meldende Person besitzt nach der Transaktion wirtschaftlich 623.8924 Einheiten. Die Unterlage erklärt, dass Phantom-Einheiten Beteiligungen an einem nicht finanzierten, unitisierten Unternehmensaktienfonds darstellen und sich mit dem Fair Market Value sowie Bargeldbestandteilen ändern können. Das Formular wurde am 18.08.2025 von einem Bevollmächtigten unterschrieben.

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*
Braun Kevin D.

(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, Operations
3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025
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) 08/15/2025 A 0.7262 (2) (2) Common Stock 0.7262 $111.8 623.8924(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 Kevin D. Braun 08/18/2025
** 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 Kevin D. Braun report on Form 4 for PPG (PPG)?

The Form 4 reports an acquisition of phantom stock units in the PPG Deferred Compensation Plan on 08/15/2025, recorded as 0.7262 units and showing a total beneficial position of 623.8924 units.

Do the phantom stock units convert to PPG common stock?

Yes. The filing states the phantom stock converts to common stock on a one-for-one basis.

What value is associated with the reported phantom stock units?

The filing shows a price reference of $111.8 associated with the reported units.

When was the Form 4 signed and by whom?

The Form 4 was signed by Greg E. Gordon, Attorney-in-Fact for Kevin D. Braun on 08/18/2025.

Do the phantom units give current voting rights or are they paid out later?

The filing describes the units as interests in an unfunded unitized company stock fund; it notes conversion occurs after termination of employment, indicating payout timing is subject to plan rules.
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PPG Stock Data

25.47B
225.34M
0.14%
88.38%
1.42%
Specialty Chemicals
Paints, Varnishes, Lacquers, Enamels & Allied Prods
Link
United States
PITTSBURGH