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[Form 4] PPG INDUSTRIES INC Insider Trading Activity

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(Low)
Filing Sentiment
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Form Type
4

Kathy Lynn Fortmann, identified as a Director of PPG Industries, reported a transaction dated 09/12/2025 on Form 4. She acquired 28.007 phantom stock units under the PPG Industries, Inc. Deferred Compensation Plan for Directors; these units convert to common stock on a one-for-one basis. The filing shows a price reference of $110.72 and indicates 2,491.1532 shares (or share-equivalents) beneficially owned by the reporting person following the transaction, held directly. The phantom units represent interests in an unfunded unitized company stock fund whose attributed share amount may change with the fair market value of PPG common stock and plan cash. The filing was signed by an attorney-in-fact on 09/15/2025.

Kathy Lynn Fortmann, identificata come Direttore di PPG Industries, ha riportato una transazione datata 09/12/2025 sul Modulo 4. Ha acquisito 28.007 unità di azioni fantasma nell'ambito del PPG Industries, Inc. Deferred Compensation Plan for Directors; tali unità si convertono in azioni ordinarie in rapporto uno a uno. La segnalazione mostra un riferimento di prezzo di 110,72 USD e indica 2.491,1532 azioni (o equivalenti azionari) possedute direttamente dalla persona che segnala a seguito della transazione. Le unità fantasma rappresentano interessi in un fondo azionario aziendale non finanziato le cui quote attribuite possono variare in base al valore equo di mercato delle azioni ordinarie PPG e al flusso di cassa del piano. La dichiarazione è stata firmata da un procuratore-in-fact il 15/09/2025.

Kathy Lynn Fortmann, identificada como Directora de PPG Industries, reportó una transacción con fecha 12/09/2025 en el Formulario 4. Adquirió 28.007 unidades de acciones fantasma bajo el PPG Industries, Inc. Deferred Compensation Plan for Directors; estas unidades se convierten en acciones comunes en una base 1-a-1. El registro muestra una referencia de precio de $110.72 e indica 2.491,1532 acciones (o equivalentes de acciones) beneficiosamente poseídas por la persona reportante tras la transacción, mantenidas directamente. Las unidades fantasma representan intereses en un fondo de acciones de la empresa no financiado cuyo monto de acciones atribuido puede cambiar con el valor razonable de las acciones comunes de PPG y el efectivo del plan. El registro fue firmado por un agente autorizado el 15/09/2025.

Kathy Lynn FortmannPPG Industries의 이사로 식별되며, 2025-09-12에 Form 4에 거래를 보고했습니다. 그녀는 28.007 팬텀 주식 단위PPG Industries, Inc. Deferred Compensation Plan for Directors에 따라 취득했고, 이 단위는 1대 1의 비율로 보통주로 전환됩니다. 첨부 신고서는 가격 참조를 $110.72로 표시하고, 거래 후 보고자에 의해 2,491.1532주(또는 주식 등가물)가 직접 보유되고 있음을 나타냅니다. 팬텀 주식 단위는 unfunded unitized company stock fund의 이익으로, 할당된 주식 수는 PPG 일반주의 공정시장가치와 계획 현금에 따라 변동될 수 있습니다. 이 제출은 2025-09-15에 대리인에 의해 서명되었습니다.

Kathy Lynn Fortmann, identifiée comme Directrice de PPG Industries, a signalé une transaction datée du 12/09/2025 sur le Formulaire 4. Elle a acquis 28.007 unités d’actions fantômes dans le cadre du PPG Industries, Inc. Deferred Compensation Plan for Directors; ces unités se convertissent en actions ordinaires sur une base 1 pour 1. Le dépôt indique une référence de prix de 110,72 $ et indique 2 491,1532 actions (ou équivalents d’actions) détenues de manière bénéficiaire par la personne déclarant à la suite de la transaction, détenues directement. Les unités fantômes représentent des intérêts dans un fonds actions non financé dont le nombre d’actions attribuées peut changer avec la juste valeur marchande des actions ordinaires de PPG et les liquidités du plan. Le dépôt a été signé par un mandataire le 15/09/2025.

Kathy Lynn Fortmann, identifiziert als Direktorin von PPG Industries, hat eine Transaktion berichtet, datiert auf den 12.09.2025, auf Formular 4. Sie hat 28,007 Phantomaktieneinheiten im Rahmen des Deferred Compensation Plan for Directors von PPG Industries, Inc. erworben; diese Einheiten wandeln sich eins zu eins in Stammaktien um. Die Einreichung zeigt eine Preisreferenz von 110,72 USD und gibt 2.491,1532 Aktien (bzw. entsprechende Aktienäquivalente) an, die von der meldenden Person nach der Transaktion direkt gehalten werden. Die Phantomaktieneinheiten repräsentieren Anteile an einem nicht finanzierten, einheitenbasierten Firmenaktienfonds, dessen zugewiesene Aktienanzahl sich mit dem fairen Marktwert der PPG-Stammaktien und dem Plancash ändern kann. Die Einreichung wurde am 15.09.2025 von einem Bevollmächtigten unterschrieben.

Kathy Lynn Fortmann، المعرّفة كـ مديرة في PPG Industries، أبلغت عن صفقة بتاريخ 12/09/2025 في النموذج 4. اشترت 28.007 وحدة أسهم وهمية بموجب Deferred Compensation Plan for Directors لـ PPG Industries, Inc؛ تتحوّل هذه الوحدات إلى أسهم عادية بنسبة 1 إلى 1. يظهر الملف المرجع السعري $110.72 ويشير إلى 2,491.1532 سهمًا (أو ما يعادل السهم) مملوكة لصاحب البلاغ بعد الصفقة، مع الاحتفاظ بها مباشرةً. تمثل الوحدات الوهمية مصالح في صندوق أسهم الشركة غير المموّل والغير مضمون، وقد تتغير كمية الأسهم المنسوبة وفق القيمة السوقية العادلة لأسهم PPG العادية وتدفقات نقد الخطة. وقع على الملف محامي نيابة/وكيل بتاريخ 15/09/2025.

Kathy Lynn Fortmann,被认定为 PPG Industries 的董事,在 2025-09-12 的 Form 4 上报告了一笔交易。她在 PPG Industries, Inc. Deferred Compensation Plan for Directors 下获得了 28.007 份幻股单位;这些单位按 1:1 转换为普通股。披露显示价格参考为 $110.72,并指示交易后由申报人直接持有的 2,491.1532 股(或等同股)。幻股单位代表对一个未资金化的单位化公司股票基金的权益,其分配的股数可能随 PPG 普通股的公允市场价值和计划现金的变化而变动。该文件于 2025-09-15 由授权代理人签署。

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Insights

TL;DR: Routine director deferred compensation accrual reported; no change to voting control or immediate cash proceeds.

The filing documents a standard deferred-compensation credit for a director: 28.007 phantom stock units were added to Kathy Fortmann's deferred plan balance on 09/12/2025. Phantom units are unfunded and convert one-for-one to common shares, but the filing specifies conversion occurs after termination of service, indicating no immediate issuance of shares or dilution. The reported post-transaction balance is 2,491.1532 share-equivalents held directly. This is a disclosure of compensation mechanics rather than an operational or financial event affecting company performance.

TL;DR: Transaction reflects director compensation credit under the Deferred Compensation Plan; value fluctuates with stock and plan cash.

The entry describes phantom stock units that "represent interests in an unfunded unitized company stock fund comprised of stock and cash." The filing notes the credited units may change in attributed share count based on fair market value and the fund's cash component. The reported price reference of $110.72 provides a valuation snapshot for the credited units on the transaction date. This is a common non-cash compensation mechanism for directors and does not indicate option exercise or cash payout at this time.

Kathy Lynn Fortmann, identificata come Direttore di PPG Industries, ha riportato una transazione datata 09/12/2025 sul Modulo 4. Ha acquisito 28.007 unità di azioni fantasma nell'ambito del PPG Industries, Inc. Deferred Compensation Plan for Directors; tali unità si convertono in azioni ordinarie in rapporto uno a uno. La segnalazione mostra un riferimento di prezzo di 110,72 USD e indica 2.491,1532 azioni (o equivalenti azionari) possedute direttamente dalla persona che segnala a seguito della transazione. Le unità fantasma rappresentano interessi in un fondo azionario aziendale non finanziato le cui quote attribuite possono variare in base al valore equo di mercato delle azioni ordinarie PPG e al flusso di cassa del piano. La dichiarazione è stata firmata da un procuratore-in-fact il 15/09/2025.

Kathy Lynn Fortmann, identificada como Directora de PPG Industries, reportó una transacción con fecha 12/09/2025 en el Formulario 4. Adquirió 28.007 unidades de acciones fantasma bajo el PPG Industries, Inc. Deferred Compensation Plan for Directors; estas unidades se convierten en acciones comunes en una base 1-a-1. El registro muestra una referencia de precio de $110.72 e indica 2.491,1532 acciones (o equivalentes de acciones) beneficiosamente poseídas por la persona reportante tras la transacción, mantenidas directamente. Las unidades fantasma representan intereses en un fondo de acciones de la empresa no financiado cuyo monto de acciones atribuido puede cambiar con el valor razonable de las acciones comunes de PPG y el efectivo del plan. El registro fue firmado por un agente autorizado el 15/09/2025.

Kathy Lynn FortmannPPG Industries의 이사로 식별되며, 2025-09-12에 Form 4에 거래를 보고했습니다. 그녀는 28.007 팬텀 주식 단위PPG Industries, Inc. Deferred Compensation Plan for Directors에 따라 취득했고, 이 단위는 1대 1의 비율로 보통주로 전환됩니다. 첨부 신고서는 가격 참조를 $110.72로 표시하고, 거래 후 보고자에 의해 2,491.1532주(또는 주식 등가물)가 직접 보유되고 있음을 나타냅니다. 팬텀 주식 단위는 unfunded unitized company stock fund의 이익으로, 할당된 주식 수는 PPG 일반주의 공정시장가치와 계획 현금에 따라 변동될 수 있습니다. 이 제출은 2025-09-15에 대리인에 의해 서명되었습니다.

Kathy Lynn Fortmann, identifiée comme Directrice de PPG Industries, a signalé une transaction datée du 12/09/2025 sur le Formulaire 4. Elle a acquis 28.007 unités d’actions fantômes dans le cadre du PPG Industries, Inc. Deferred Compensation Plan for Directors; ces unités se convertissent en actions ordinaires sur une base 1 pour 1. Le dépôt indique une référence de prix de 110,72 $ et indique 2 491,1532 actions (ou équivalents d’actions) détenues de manière bénéficiaire par la personne déclarant à la suite de la transaction, détenues directement. Les unités fantômes représentent des intérêts dans un fonds actions non financé dont le nombre d’actions attribuées peut changer avec la juste valeur marchande des actions ordinaires de PPG et les liquidités du plan. Le dépôt a été signé par un mandataire le 15/09/2025.

Kathy Lynn Fortmann, identifiziert als Direktorin von PPG Industries, hat eine Transaktion berichtet, datiert auf den 12.09.2025, auf Formular 4. Sie hat 28,007 Phantomaktieneinheiten im Rahmen des Deferred Compensation Plan for Directors von PPG Industries, Inc. erworben; diese Einheiten wandeln sich eins zu eins in Stammaktien um. Die Einreichung zeigt eine Preisreferenz von 110,72 USD und gibt 2.491,1532 Aktien (bzw. entsprechende Aktienäquivalente) an, die von der meldenden Person nach der Transaktion direkt gehalten werden. Die Phantomaktieneinheiten repräsentieren Anteile an einem nicht finanzierten, einheitenbasierten Firmenaktienfonds, dessen zugewiesene Aktienanzahl sich mit dem fairen Marktwert der PPG-Stammaktien und dem Plancash ändern kann. Die Einreichung wurde am 15.09.2025 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*
Fortmann Kathy Lynn

(Last) (First) (Middle)
C/O 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
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025
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) 09/12/2025 A 28.007 (2) (2) Common Stock 28.007 $110.72 2,491.1532(3) D
Explanation of Responses:
1. The security converts to common stock on a one-for-one basis.
2. After termination of service as a Director of PPG Industries, Inc.
3. Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors. 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 Kathy Lynn Fortmann 09/15/2025
** 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.
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24.71B
225.34M
0.14%
88.37%
1.92%
Specialty Chemicals
Paints, Varnishes, Lacquers, Enamels & Allied Prods
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United States
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