PPG director granted 284 Phantom Stock Units

Fortmann Kathy Lynn reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Fortmann Kathy Lynn reported acquisition or exercise transactions in this Form 4 filing.

PPG Industries director Kathy Lynn Fortmann received a compensation-related grant of 284.5208 Phantom Stock Units. These units were credited at a reference price of $122.6100 per unit and bring her total phantom stock holdings in PPG’s Deferred Compensation Plan for Directors to 5,688.8151 units.

The phantom units track PPG common stock on a one-for-one basis and represent interests in an unfunded company stock fund made up of stock and cash. They are generally payable in common shares after her service as a director ends, and their attributed amount may change over time with PPG’s stock price and cash in the fund.

Insider Trade Summary

Grant/Award: 284.5208 shares

Grant/Award 1 txn

Insider Fortmann Kathy Lynn

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	284.5208	$122.61	$35K

Holdings After Transaction: Phantom Stock Units — 5,688.8151 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 units granted: 284.5208 units Reference price per unit: $122.6100 per unit Total phantom units after grant: 5,688.8151 units +1 more

4 metrics

Phantom units granted 284.5208 units Director award transaction on 2026-07-01

Reference price per unit $122.6100 per unit Used to determine number of phantom units granted

Total phantom units after grant 5,688.8151 units Total Phantom Stock Units held following this transaction

Conversion ratio 1 unit : 1 share Each Phantom Stock Unit converts into one PPG common share

Key Terms

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

3 terms

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 for Directors financial

"Total of all phantom stock units 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

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

FAQ

What did PPG (PPG) director Kathy Lynn Fortmann report in this Form 4?

Kathy Lynn Fortmann reported a grant of 284.5208 Phantom Stock Units as director compensation. These units are tied to PPG common stock and increase her total phantom unit balance to 5,688.8151 within the company’s deferred compensation plan for directors.

Is the PPG (PPG) Form 4 transaction a stock purchase or sale?

The Form 4 shows an acquisition coded as a grant, not a market trade. Fortmann received 284.5208 Phantom Stock Units as a director award, rather than buying or selling PPG shares in the open market for cash.

How do Kathy Fortmann’s Phantom Stock Units in PPG (PPG) work?

Each Phantom Stock Unit is designed to convert into one share of PPG common stock. They are held in an unfunded unitized company stock fund, whose value changes with PPG’s share price and cash levels, and are generally payable after her board service ends.

What is Kathy Fortmann’s total phantom stock position in PPG (PPG) after this grant?

After this grant, Fortmann holds a total of 5,688.8151 Phantom Stock Units in PPG’s Deferred Compensation Plan for Directors. This total reflects all phantom units credited to her account, which fluctuate with the fair market value of PPG common stock and cash in the fund.

What reference price was used for the new Phantom Stock Units in PPG (PPG)?

The 284.5208 Phantom Stock Units were credited using a reference price of $122.6100 per unit. This price corresponds to the value used to determine how many phantom units were added based on the underlying PPG common stock.

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Accepted by SEC EDGAR 07/02/2026 - 11:33 AM 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^*

Fortmann Kathy Lynn

(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)
07/01/2026

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)	07/01/2026		A		284.5208		(2)	(2)	Common Stock	284.5208	$122.61	5,688.8151(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	07/02/2026
	** 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)