PPG director granted 85.7 phantom stock units

PPG director Kathleen Ligocki received additional phantom stock units under the deferred compensation plan, increasing her total phantom unit-based interest in PPG common stock.

Rhea-AI Filing Summary

PPG INDUSTRIES INC (PPG) reported that director Kathleen Ligocki received a grant of 85.6836 Phantom Stock Units on September 11, 2026. These units are held directly in the company’s Deferred Compensation Plan for Directors, bringing her total phantom stock unit holdings to 8,938.0276 units.

The phantom stock units convert into PPG common stock on a one-for-one basis after her termination of service as a director, and represent interests in an unfunded unitized company stock fund comprised of stock and cash. The number of units may change over time based on the fair market value of PPG common stock and cash in the fund.

Insider Trade Summary

Grant/Award: 85.6836 shares

Grant/Award 1 txn

Insider LIGOCKI KATHLEEN

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units F1, F2, F3	85.6836	$105.50	$9K

Holdings After Transaction: Phantom Stock Units — 8,938.0276 contracts (Direct)

Footnotes (3)

1. F1. The security converts to common stock on a one-for-one basis.
2. F2. After termination of service as a Director of PPG Industries, Inc.
3. F3. 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.

Key Figures

Phantom Stock Units granted: 85.6836 units Transaction price per Phantom Stock Unit: $105.50 per unit Total Phantom Stock Units after transaction: 8,938.0276 units +2 more

5 metrics

Phantom Stock Units granted 85.6836 units Grant to director on September 11, 2026

Transaction price per Phantom Stock Unit $105.50 per unit Grant valuation on September 11, 2026

Total Phantom Stock Units after transaction 8,938.0276 units Director’s holdings in Deferred Compensation Plan after grant

Conversion ratio 1 unit for 1 share of common stock Phantom Stock Units convert to PPG common stock on a one-for-one basis

Reporting person role Director Kathleen Ligocki serves as a director of PPG INDUSTRIES INC

Key Terms

Phantom Stock Units, Deferred Compensation Plan for Directors, unfunded unitized company stock fund, fair market value

4 terms

Phantom Stock Units financial

"Total of all phantom stock units held by the reporting person"

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 for Directors financial

"held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors"

A deferred compensation plan for directors is an arrangement that lets board members postpone receiving part of their pay until a later date—often retirement or a set future time—so the money can grow or be paid under specified conditions. Think of it like directing a portion of your paycheck into a locked savings account that pays out later; investors care because it creates future cash or stock obligations, signals how the company motivates and retains leadership, and can affect shareholder value through timing of payouts or potential dilution.

unfunded unitized company stock fund financial

"represent interests in an unfunded unitized company stock fund comprised of stock and cash"

fair market value financial

"may change from time to time ... depending on the fair market value of the issuer's common stock"

The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.

FAQ

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

What transaction did PPG (PPG) report for director Kathleen Ligocki?

PPG reported that director Kathleen Ligocki received a grant of 85.6836 Phantom Stock Units on September 11, 2026 under the PPG Industries, Inc. Deferred Compensation Plan for Directors, increasing her phantom stock unit holdings.

How many phantom stock units does the PPG (PPG) director hold after this transaction?

After the September 11, 2026 grant, director Kathleen Ligocki holds a total of 8,938.0276 Phantom Stock Units in the PPG Industries, Inc. Deferred Compensation Plan for Directors.

What is the conversion rate of the Phantom Stock Units reported by PPG (PPG)?

Each Phantom Stock Unit converts into PPG common stock on a one-for-one basis, meaning one phantom unit will convert into one share of PPG common stock upon the specified conversion event.

When do the Phantom Stock Units for the PPG (PPG) director convert to common stock?

The Phantom Stock Units convert into PPG common stock after termination of service as a Director of PPG Industries, Inc., as disclosed in the filing’s footnotes.

What does the price of $105.50 represent in the PPG (PPG) Form 4 filing?

The filing reports a transaction price of $105.50 per unit for the grant of 85.6836 Phantom Stock Units to director Kathleen Ligocki on September 11, 2026.

How can the number of Phantom Stock Units change over time for PPG (PPG)?

The filing states the number of Phantom Stock Units may change without the director’s volition, depending on the fair market value of PPG’s common stock and the amount of cash in the unfunded unitized company stock fund.

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

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Available on EDGAR 09/14/2026 - 02:11 PM Accepted by SEC EDGAR 09/14/2026 - 02:11 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^*

LIGOCKI KATHLEEN

(Last) (First) (Middle)

C/O 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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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

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)	09/11/2026		A		85.6836		(2)	(2)	Common Stock	85.6836	$105.5	8,938.0276(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 Kathleen A. Ligocki	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)