PPG (PPG) CEO Knavish receives new phantom stock unit grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

PPG Industries Chairman and CEO Timothy M. Knavish received a grant of 18.1508 Phantom Stock Units on May 29, 2026 as compensation. These units are linked to PPG common stock at a reference value of $112.98 per unit and convert to common stock on a one-for-one basis after termination of employment with PPG.

Following this grant, Knavish holds a total of 12,478.6693 Phantom Stock Units in the PPG Industries, Inc. Deferred Compensation Plan. The footnotes state that these units represent interests in an unfunded unitized company stock fund of stock and cash, and the attributed number of units can change with PPG’s share price and cash levels in the fund.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider KNAVISH TIMOTHY M

Role Chairman and CEO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	18.151	$112.98	$2K

Holdings After Transaction: Phantom Stock Units — 12,478.669 shares (Direct, null)

Footnotes (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.

Key Figures

Phantom units granted: 18.1508 units Reference price per unit: $112.98 per unit Total phantom units after grant: 12,478.6693 units +1 more

4 metrics

Phantom units granted 18.1508 units Grant on May 29, 2026

Reference price per unit $112.98 per unit Phantom Stock Units grant value

Total phantom units after grant 12,478.6693 units Holdings in Deferred Compensation Plan after transaction

Conversion rate 1 unit : 1 share Phantom units convert to PPG common stock

Key Terms

Phantom Stock Units, Deferred Compensation Plan, unfunded unitized company stock fund, one-for-one basis

4 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 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"

one-for-one basis financial

"The security converts to common stock on a one-for-one basis"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

06/01/2026 - 01:03 PM

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^*

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Units	⁽¹⁾	05/29/2026		A		18.1508		⁽²⁾	⁽²⁾	Common Stock	18.1508	$112.98	12,478.6693⁽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. Knavish	06/01/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did PPG (PPG) Chairman and CEO Timothy Knavish report in this Form 4?

Timothy M. Knavish reported receiving 18.1508 Phantom Stock Units as a grant on May 29, 2026. These units are compensation-linked derivatives tied to PPG common stock and increase his total Phantom Stock Units held in the company’s Deferred Compensation Plan.

How many Phantom Stock Units does the PPG (PPG) CEO hold after this transaction?

After the May 29, 2026 grant, Timothy M. Knavish holds 12,478.6693 Phantom Stock Units. This total reflects all phantom units credited to him within the PPG Industries, Inc. Deferred Compensation Plan, which tracks a fund invested in PPG stock and cash.

At what reference price were the new PPG (PPG) Phantom Stock Units granted?

The 18.1508 Phantom Stock Units were granted at a reference value of $112.98 per unit. This price reflects the underlying PPG common stock value used for the phantom units credited in the Deferred Compensation Plan on the grant date.

What are Phantom Stock Units in the PPG (PPG) Deferred Compensation Plan?

Phantom Stock Units represent interests in an unfunded unitized company stock fund holding PPG stock and cash. The number of units attributed to a participant can change as PPG’s share price and the fund’s cash balance fluctuate over time within the plan.

When do PPG (PPG) Phantom Stock Units held by the CEO convert into common stock?

The Phantom Stock Units convert to PPG common stock on a one-for-one basis after termination of employment with PPG. This timing feature means the CEO’s phantom interests become actual shares only once his employment with the company ends.

Does this PPG (PPG) Form 4 show a market purchase or sale of stock?

No, the Form 4 shows a grant classified as an acquisition of 18.1508 Phantom Stock Units, not an open-market purchase or sale. It reflects a compensation-related award within the Deferred Compensation Plan rather than a discretionary trade in PPG shares.