PPG (PPG) director awarded new phantom stock units in Form 4 filing

Rhea-AI Filing Summary

PPG Industries director Kathleen Ligocki reported a compensation-related award of 62.2787 phantom stock units tied to PPG common stock. These units convert into common shares on a one-for-one basis after her service as a director ends. Following this award, she holds 6,953.5576 phantom stock units in PPG’s Deferred Compensation Plan for Directors, where unit balances fluctuate with the value of the company stock and cash in the plan.

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 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)
03/12/2026

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)	03/12/2026		A		62.2787		(2)	(2)	Common Stock	62.2787	$100.73	6,953.5576(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	03/13/2026
	** 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.

FAQ

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

Director Kathleen Ligocki reported receiving a grant of 62.2787 phantom stock units. These are compensation-related units tied to PPG common stock value rather than an open-market share purchase or sale, and are part of the company’s deferred compensation plan for directors.

How many phantom stock units does Kathleen Ligocki hold in PPG (PPG) after this filing?

After the reported award, Kathleen Ligocki holds a total of 6,953.5576 phantom stock units. This total reflects all her interests in PPG’s Deferred Compensation Plan for Directors, where balances change with PPG’s stock price and cash levels in the plan’s unitized fund.

What are phantom stock units in the PPG (PPG) director deferred compensation plan?

Phantom stock units in PPG’s director deferred compensation plan represent interests in an unfunded unitized company stock fund. The fund consists of PPG stock and cash, so each director’s phantom units change in number as the stock’s fair market value and fund cash balance move over time.

When do PPG (PPG) phantom stock units reported by Kathleen Ligocki convert to common stock?

The phantom stock units convert into PPG common stock on a one-for-one basis after termination of service as a director. This means Ligocki receives actual shares only when her board service ends, aligning the award’s value with long-term company performance over her tenure.

Does Kathleen Ligocki’s Form 4 for PPG (PPG) show an open-market stock trade?

No, the Form 4 shows a grant of phantom stock units as compensation, not an open-market purchase or sale. The transaction code is “A” for grant or award, and the filing notes the units are part of PPG’s Deferred Compensation Plan for Directors rather than a market trade.