PPG (PPG) senior VP receives small grant of phantom stock units

Rhea-AI Filing Summary

PPG Industries senior vice president Chancey E. Hagerty received a small grant of 0.1043 phantom stock units on common stock, recorded at $101.89 per unit. These units are part of a deferred compensation plan and mirror the value of PPG common shares.

After this grant, Hagerty holds a total of 188.7764 phantom stock units in the plan. The units convert into PPG common stock on a one-for-one basis after termination of employment, so this filing reflects routine, compensation-related accrual rather than an open‑market stock purchase or sale.

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
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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^*

Hagerty Chancey E.

(Last) (First) (Middle)

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. VP, Auto. Refinish Ctgs.

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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
Phamtom Stock Units	(1)	03/13/2026		A		0.1043		(2)	(2)	Common Stock	0.1043	$101.89	188.7764(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 Chancey E. Hagerty	03/16/2026
	** 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) report for Chancey Hagerty?

PPG reported that senior vice president Chancey E. Hagerty received a small grant of 0.1043 phantom stock units. These units are tied to PPG common stock value and are part of his deferred compensation, not an open‑market stock purchase or sale.

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

Phantom stock units represent interests in an unfunded company stock fund containing PPG stock and cash. Their value tracks PPG common shares, and the number of units can change as stock prices and fund cash levels fluctuate for the plan participant over time.

How many phantom stock units does Chancey Hagerty hold at PPG (PPG)?

After the latest grant, Chancey E. Hagerty holds a total of 188.7764 phantom stock units. This total reflects all phantom units credited to him under PPG’s deferred compensation plan and can vary with the value of the underlying stock fund.

When do PPG (PPG) phantom stock units convert into common stock?

The phantom stock units convert into PPG common stock on a one-for-one basis after termination of employment with PPG. This means Hagerty will receive PPG shares in the future, rather than current cash or stock from this specific Form 4 transaction.

Did the PPG (PPG) Form 4 show any insider stock sales or purchases?

The Form 4 does not show open‑market stock sales or purchases. It records a compensation-related acquisition of 0.1043 phantom stock units for Chancey E. Hagerty within the deferred compensation plan, rather than a traditional buy or sell transaction in PPG shares.

How is the value of PPG (PPG) phantom stock units determined for Hagerty?

Each phantom stock unit reflects the fair market value of PPG’s common stock and associated cash in the plan’s unitized stock fund. The number of units attributed to Hagerty can change over time as the stock price and cash balance in the fund move.