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PPG Industries (PPG) CEO receives grant of additional phantom stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

PPG Industries Chairman and CEO Timothy M. Knavish received a compensation-related award of phantom stock units. On this Form 4, he was granted 64.3506 phantom stock units at a reference price of $119.34 per unit, which track the value of PPG common stock.

Following this award, he holds a total of 12,543.0199 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan. These units convert into PPG common stock on a one-for-one basis after his employment with PPG ends, and their value can change over time with the stock price and cash in the plan’s unitized stock fund.

Positive

  • None.

Negative

  • None.
Insider KNAVISH TIMOTHY M
Role Chairman and CEO
Type Security Shares Price Value
Grant/Award Phantom Stock Units 64.351 $119.34 $8K
Holdings After Transaction: Phantom Stock Units — 12,543.02 shares (Direct, null)
Footnotes (1)
  1. The security converts to common stock on a one-for-one basis. After termination of employment with PPG. 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.
Phantom units granted 64.3506 phantom stock units Grant on 2026-06-12 coded as compensation award
Reference price per unit $119.34 per unit Price used for the 64.3506 phantom stock unit award
Total phantom units after grant 12,543.0199 phantom stock units Total holdings in PPG Deferred Compensation Plan after transaction
Conversion ratio 1 phantom unit : 1 common share Units convert to PPG common stock on a one-for-one basis
Conversion timing condition After termination of employment Phantom stock units convert to common stock when employment ends
Exercise price $0.00 Conversion or exercise price for the phantom stock units
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"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
one-for-one basis financial
"The security converts to common stock on a one-for-one basis."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
KNAVISH TIMOTHY 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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chairman and CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units(1)06/12/2026A64.3506 (2) (2)Common Stock64.3506$119.3412,543.0199(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 Timothy M. Knavish06/15/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did PPG (PPG) CEO Timothy Knavish report on this Form 4?

Timothy M. Knavish reported receiving 64.3506 phantom stock units as a compensation-related award. These units are tied to PPG’s stock value and increase his total deferred phantom stock holdings to 12,543.0199 units in the company’s Deferred Compensation Plan.

How many phantom stock units does the PPG (PPG) CEO now hold?

After this award, the CEO holds a total of 12,543.0199 phantom stock units. This total reflects all phantom units credited to him under the PPG Industries, Inc. Deferred Compensation Plan and may change as the unitized stock fund value fluctuates over time.

When do the PPG (PPG) phantom stock units held by the CEO convert to common shares?

The phantom stock units convert into PPG common stock on a one-for-one basis after termination of employment with PPG. Until then, they remain as deferred units in an unfunded company stock fund within the Deferred Compensation Plan, tracking stock and cash values.

What is the economic value basis of the CEO’s new PPG (PPG) phantom stock award?

The 64.3506 phantom stock units were credited at a reference price of $119.34 per unit. Their actual value will vary over time based on the fair market value of PPG common stock and the amount of cash held in the underlying unitized stock fund.

Does this PPG (PPG) Form 4 show the CEO buying or selling stock on the market?

No, the Form 4 shows a grant of phantom stock units as compensation, not an open-market trade. The transaction is coded as a grant or award acquisition and represents deferred units that mirror PPG’s stock value rather than immediate share purchases or sales.