PPG (PPG) CEO Timothy Knavish reports added phantom stock units in plan

Rhea-AI Filing Summary

PPG Industries Chairman and CEO Timothy M. Knavish reported an acquisition of 0.8389 phantom stock units on January 30, 2026, at a reference price of $115.63 per unit. This increased his holdings in the PPG Industries Deferred Compensation Plan to 12,308.8711 phantom stock units.

The phantom stock units are interests in an unfunded company stock fund made up of PPG common stock and cash. They are designed to mirror the value of PPG shares and convert into common stock on a one-for-one basis after Knavish’s employment with PPG ends. The number of units can change over time based on PPG’s stock price and cash levels in the fund.

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^*

KNAVISH TIMOTHY M

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

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)	01/30/2026		A		0.8389		(2)	(2)	Common Stock	0.8389	$115.63	12,308.8711(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	02/02/2026
	** 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.

FAQ

What insider transaction did PPG (PPG) report for CEO Timothy Knavish?

PPG reported that Chairman and CEO Timothy M. Knavish acquired 0.8389 phantom stock units on January 30, 2026. These units are part of a deferred compensation plan tied to PPG’s stock and increased his total phantom holdings to 12,308.8711 units.

What are phantom stock units in PPG (PPG) CEO Timothy Knavish’s Form 4?

Phantom stock units are interests in an unfunded PPG company stock fund containing stock and cash. They are designed to track PPG’s common stock value and later convert into common shares on a one-for-one basis after Timothy Knavish’s employment with PPG ends.

How many phantom stock units does PPG (PPG) CEO Timothy Knavish now hold?

After the January 30, 2026 acquisition, Timothy M. Knavish beneficially holds 12,308.8711 phantom stock units in PPG’s Deferred Compensation Plan. This total reflects all phantom stock units credited to him under the plan, which fluctuate with PPG’s stock price and fund cash levels.

At what price were PPG (PPG) phantom stock units credited to CEO Timothy Knavish?

The 0.8389 phantom stock units credited to Timothy M. Knavish on January 30, 2026 used a reference price of $115.63 per unit. This price is tied to PPG’s common stock value used for measuring the phantom stock units in the deferred compensation arrangement.

When do PPG (PPG) CEO Timothy Knavish’s phantom stock units convert to common stock?

Timothy M. Knavish’s phantom stock units convert into PPG common stock on a one-for-one basis after his employment with PPG ends. Until then, the units remain in the Deferred Compensation Plan and their attributed amount can change with the plan’s stock and cash value.

Does PPG (PPG) CEO Timothy Knavish’s phantom stock holding change automatically over time?

Yes. The number of shares attributed to Timothy M. Knavish in the phantom stock fund may change without his volition. Changes depend on the fair market value of PPG’s common stock and the amount of cash in the unfunded unitized company stock fund.