PPG exec granted 7.4 phantom stock units

PPG Industries Sr VP of Operations Kevin D. Braun received a routine compensation grant of 7.3991 Phantom Stock Units tied to PPG common stock.

Rhea-AI Filing Summary

PPG Industries Sr VP of Operations Kevin D. Braun received a routine compensation grant of 7.3991 Phantom Stock Units tied to PPG common stock. These units reference a price of $106.88 per unit and bring his total phantom stock holdings in the company’s Deferred Compensation Plan to 861.9129 units.

The phantom stock units convert into common stock on a one-for-one basis after termination of employment with PPG. They are held within an unfunded unitized company stock fund comprised of stock and cash, so the number of units attributed to him can change over time with movements in PPG’s share price and cash levels in the fund.

Insider Trade Summary

Grant/Award: 7.3991 shares

Grant/Award 1 txn

Insider Braun Kevin D.

Role Sr VP, Operations

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	7.3991	$106.88	$790.82

Holdings After Transaction: Phantom Stock Units — 861.9129 contracts (Direct)

Footnotes (3)

1. F1. The security converts to common stock on a one-for-one basis.
2. F2. After termination of employment with PPG.
3. F3. 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.

Key Figures

Phantom units granted: 7.3991 units Reference price per unit: $106.88 per unit Total phantom units after grant: 861.9129 units +1 more

4 metrics

Phantom units granted 7.3991 units Phantom Stock Units grant on March 31, 2026

Reference price per unit $106.88 per unit Price associated with Phantom Stock Units grant

Total phantom units after grant 861.9129 units Total Phantom Stock Units held after transaction

Conversion ratio 1 unit : 1 share Phantom Stock Units convert to common stock one-for-one

Key Terms

Phantom Stock Units, Deferred Compensation Plan, unfunded unitized company stock fund, one-for-one basis

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 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"

one-for-one basis financial

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

FAQ

What did PPG (PPG) executive Kevin D. Braun report in this Form 4?

Kevin D. Braun reported receiving 7.3991 Phantom Stock Units as a compensation award. These units are linked to PPG common stock and increased his total phantom holdings in the company’s Deferred Compensation Plan to 861.9129 units after the transaction.

Are the Phantom Stock Units in this PPG (PPG) filing an open-market stock purchase?

No, the 7.3991 Phantom Stock Units represent a compensation-related grant, not an open-market stock purchase. They are credited within PPG’s Deferred Compensation Plan and convert into common stock on a one-for-one basis only after employment with PPG ends.

How many Phantom Stock Units does Kevin D. Braun hold after this PPG (PPG) grant?

After the award of 7.3991 Phantom Stock Units, Kevin D. Braun holds a total of 861.9129 phantom units. These units track an unfunded company stock fund whose value, and attributed unit count, can change with PPG’s stock price and cash in the fund.

What is the conversion feature of the Phantom Stock Units in this PPG (PPG) Form 4?

Each Phantom Stock Unit converts into one share of PPG common stock after termination of employment. Until then, the units are bookkeeping entries in an unfunded company stock fund and do not represent currently issued shares or an open-market transaction.

What price is associated with the Phantom Stock Units granted to the PPG (PPG) executive?

The grant of 7.3991 Phantom Stock Units references a price of $106.88 per unit. This figure is used for the bookkeeping entry within the Deferred Compensation Plan rather than representing a traditional market purchase price paid by the executive.

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Accepted by SEC EDGAR 04/01/2026 - 12:03 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^*

Braun Kevin D.

(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, Operations

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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

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)	03/31/2026		A		7.3991		(2)	(2)	Common Stock	7.3991	$106.88	861.9129(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	04/01/2026
	** 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)