PPG Industries grants phantom stock units to senior VP

PPG Industries Inc. reported an insider compensation grant to senior vice president Chancey E. Hagerty.

Rhea-AI Filing Summary

PPG Industries Inc. reported an insider compensation grant to senior vice president Chancey E. Hagerty. He received 15.2379 phantom stock units linked to common stock at $115.31 per unit, increasing his balance in the Deferred Compensation Plan to 205.8251 units.

The phantom stock units convert to common stock on a one-for-one basis after termination of employment with PPG and represent interests in an unfunded unitized company stock fund whose unit count can change with share price and cash levels.

Insider Trade Summary

Grant/Award: 15.2379 shares

Grant/Award 1 txn

Insider Hagerty Chancey E.

Role Sr. VP, Auto. Refinish Ctgs.

Type	Security	Shares	Price	Value
Grant/Award	Phamtom Stock Units F1, F2, F3	15.2379	$115.31	$2K

Holdings After Transaction: Phamtom Stock Units — 205.8251 contracts (Direct)

Footnotes (3)

1. F1. The security converts to common stock on a one-for-one basis.
2. F2. After termination of employment with PPG.
3. F3. 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 stock units granted: 15.2379 units Reference price per phantom unit: $115.3100 Total phantom units after grant: 205.8251 units +2 more

5 metrics

Phantom stock units granted 15.2379 units Grant of phantom stock units to Sr. VP on 2026-07-15

Reference price per phantom unit $115.3100 Price per unit used for the 15.2379-unit grant

Total phantom units after grant 205.8251 units Total phantom stock units held in Deferred Compensation Plan after transaction

Underlying common shares 15.2379 shares Each phantom stock unit converts to one share of common stock

Conversion ratio 1-for-1 Phantom stock units convert into common stock on a one-for-one basis

Key Terms

Phantom stock units, Deferred Compensation Plan, unfunded unitized company stock fund, fair market value

4 terms

Phantom stock units financial

"Total of all phantom stock units held by the reporting person"

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

"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

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

fair market value financial

"may change from time to time depending on the fair market value of the issuer's common stock"

The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did PPG (PPG) report for Chancey E. Hagerty?

PPG reported a grant of 15.2379 phantom stock units to senior vice president Chancey E. Hagerty. These units are part of the Deferred Compensation Plan and are linked one-for-one to PPG common stock, increasing his total phantom unit holdings to 205.8251.

How many phantom stock units were granted to PPG (PPG) executive Chancey Hagerty?

Chancey Hagerty received 15.2379 phantom stock units as a compensation grant. Each phantom unit corresponds to one share of PPG common stock and was valued at $115.31 per unit for this award, adding to his existing Deferred Compensation Plan balance.

When do Chancey Hagerty’s phantom stock units at PPG (PPG) convert into common stock?

Hagerty’s phantom stock units convert into PPG common stock after termination of employment. The units are designed as deferred compensation, remaining in the plan until he leaves PPG, at which point they convert one-for-one into shares of common stock.

What is Hagerty’s total phantom stock unit balance at PPG (PPG) after this transaction?

After the grant, Hagerty holds a total of 205.8251 phantom stock units in PPG’s Deferred Compensation Plan. This total can change over time as the plan’s unfunded unitized company stock fund fluctuates with PPG’s share price and cash levels.

How are PPG (PPG) phantom stock units in the Deferred Compensation Plan structured?

PPG’s phantom stock units represent interests in an unfunded unitized company stock fund composed of stock and cash. The number of units attributed to a participant can vary over time based on PPG’s fair market share value and the cash held in the fund.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/16/2026 - 09:41 AM EDT 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^*

Hagerty Chancey E.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

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
Phamtom Stock Units	(1)	07/15/2026		A		15.2379		(2)	(2)	Common Stock	15.2379	$115.31	205.8251(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	07/16/2026
	** 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.
* Form 4: SEC 1474 (03-26)