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Director Michael Nally reported receiving a grant of 72.7797 phantom stock units tied to PPG Industries Inc. common stock. After this award, he holds a total of 8,433.5299 phantom stock units in the company’s Deferred Compensation Plan for Directors.
The phantom stock units convert into common shares on a one-for-one basis after his service as a director ends. These units represent interests in an unfunded company stock fund made up of stock and cash, so the number of units attributed to him can change as the fund’s value moves with PPG’s share price and cash balance.
PPG Industries director Kathleen Ligocki reported a compensation-related award of 62.2787 phantom stock units tied to PPG common stock. These units convert into common shares on a one-for-one basis after her service as a director ends. Following this award, she holds 6,953.5576 phantom stock units in PPG’s Deferred Compensation Plan for Directors, where unit balances fluctuate with the value of the company stock and cash in the plan.
PPG Industries director Michael W. Lamach received a grant of 112.9677 phantom stock units on common stock, classified as a compensation-related award. These units convert into an equal number of PPG common shares on a one-for-one basis after his service as a director ends.
Following this award, Lamach holds a total of 14,097.464 phantom stock units in the PPG deferred compensation plan for directors. The value of these units changes over time with the fair market value of PPG common stock and the cash held in the related plan fund.
PPG Industries Inc. director Gary R. Heminger reported a grant of 90.2871 phantom stock units linked to PPG common stock. These units are part of a deferred compensation plan for directors and convert into common shares on a one-for-one basis after his board service ends.
Following this award, Heminger holds a total of 10,900.9370 phantom stock units in the plan. The value of these units can change over time with the fair market value of PPG’s common stock and the cash held in the related company stock fund, making this a routine, stock-based compensation accrual rather than an open-market trade.
PPG Industries Inc. director Melanie Healey received a grant of 42.062 phantom stock units linked to PPG common stock. These units were valued at $100.73 per unit for the award and increase her total phantom stock holdings in the directors’ deferred compensation plan to 4,104.2781 units.
The phantom stock units convert into PPG common shares on a one-for-one basis after she terminates service as a director. They represent an interest in an unfunded company stock fund consisting of PPG stock and cash, so the number of attributed units can change with stock price and cash levels in the fund.
PPG Industries director Kathy Lynn Fortmann received a grant of 36.0839 Phantom Stock Units, which are compensation-linked units that track PPG common stock on a one-for-one basis. This award increased her holdings in the PPG Deferred Compensation Plan for Directors to a total of 3,208.2645 phantom stock units.
The units are held in an unfunded company stock fund made up of stock and cash, so the number of units attributed to her can change over time as PPG’s share price and the fund’s cash balance fluctuate. The phantom stock converts into common shares after her service as a director ends.
PPG Industries’ 2026 proxy details board, pay and governance decisions alongside a strong 2025 performance. The company generated $15.9 billion in 2025 sales from continuing operations, 2% organic sales growth, $1.9 billion in operating cash flow and returned $1.4 billion to shareholders through dividends and $790 million of share repurchases.
Shareholders will vote on electing 12 directors for one-year terms, an advisory say-on-pay resolution, ratifying PricewaterhouseCoopers as auditor, approving a new 2026 Omnibus Incentive Plan and a shareholder proposal for an independent chair, which the board opposes. PPG highlights 43,500 employees, 43% of sales from sustainably advantaged products, significant sustainability and human rights commitments, and a fully virtual annual meeting on April 16, 2026.
PPG Industries senior vice president Juliane M. Hefel received a grant of 1.2655 phantom stock units tied to PPG common stock at a reference price of $123.27 per unit. After this award, she holds a total of 1,149.6602 phantom stock units in the company’s deferred compensation plan, which convert to common shares on a one-for-one basis after her employment ends and can fluctuate with the plan’s stock and cash value.
PPG Industries senior vice president and chief HR officer Robert L. Massy received a small grant of phantom stock units under a deferred compensation plan. On this transaction date, he acquired 0.3354 phantom stock units at a reference price of $123.27 per unit, bringing his total holdings in this plan to 167.8699 phantom stock units.
The phantom stock units convert into PPG common stock on a one-for-one basis after termination of his employment with PPG. These units represent interests in an unfunded company stock fund made up of stock and cash, so the number of units attributed to him can change over time as PPG’s stock price and the fund’s cash balance fluctuate.