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PPG Industries director Guillermo Novo reported an insider equity-based compensation transaction involving phantom stock units linked to PPG common shares. On 12/12/2025, he acquired 81.8134 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan for Directors, with the price of the derivative security stated as $103.54.
Each phantom stock unit converts into one share of PPG common stock after his service as a director ends. Following this transaction, Novo beneficially owns 10,444.0055 phantom stock units in the plan on a direct basis. These units represent interests in an unfunded unitized company stock fund made up of PPG stock and cash, and the number of units attributed to him can change over time based on the fair market value of the common stock and the amount of cash in the fund.
PPG Industries Inc. director and reporting person Michael Nally reported an acquisition of additional deferred phantom stock units tied to the company’s common stock. On 12/12/2025, a Form 4 transaction coded "A" recorded the purchase of 75.3962 phantom stock units at a reference price of $103.54 per unit.
Each phantom stock unit is designed to convert into one share of common stock after the reporting person’s service as a director ends. Following this transaction, the reporting person holds a total of 8,360.7502 phantom stock units in the PPG Industries Inc. Deferred Compensation Plan for Directors.
The phantom units represent interests in an unfunded unitized company stock fund that includes PPG common stock and cash. The number of shares attributed to the participant can change over time without the participant’s action, based on movements in the fair market value of PPG’s common stock and the amount of cash in the fund.
PPG Industries director Kathleen A. Ligocki reported acquiring 64.3567 phantom stock units linked to PPG common stock on 12/12/2025. Each unit converts into one share of common stock, giving her additional economic exposure to the company’s share price.
The phantom stock units are credited under the PPG Industries, Inc. Deferred Compensation Plan for Directors at a reference price of $103.54 per unit. After this transaction, Ligocki beneficially owns a total of 6,891.2789 phantom stock units, held directly, which convert into common stock after her service as a director ends.
PPG Industries director Michael W. Lamach reported an acquisition of derivative securities tied to the company’s stock. On 12/12/2025, he acquired 117.6469 phantom stock units at a price of $103.54 per unit under the PPG Industries, Inc. Deferred Compensation Plan for Directors. These phantom stock units convert into common stock on a one-for-one basis after his service as a director ends. Following this transaction, he beneficially owned 13,984.4963 phantom stock units, which represent interests in an unfunded unitized company stock fund composed of PPG stock and cash, and the number of units attributed to him may change over time based on the fair market value of the stock and the cash in the fund.
PPG Industries Inc. director Gary R. Heminger acquired 93.8021 phantom stock units on 12/12/2025 at a price of $103.54 per unit under the company’s Deferred Compensation Plan for Directors. Each phantom stock unit is tied to PPG common stock on a one-for-one basis and is generally payable after his service as a director ends. Following this award, he beneficially owns a total of 10,810.6499 phantom stock units credited to the plan, giving him additional equity-linked exposure to PPG’s share value through the plan’s unfunded, unitized company stock fund.
PPG Industries director Melanie Healey reported an acquisition of phantom stock units tied to PPG common stock. On 12/12/2025 she acquired 43.1024 phantom stock units at $103.54 each, bringing her total holdings in the PPG Industries, Inc. Deferred Compensation Plan for Directors to 4,062.2161 phantom stock units.
The phantom stock units convert into PPG common stock on a one-for-one basis after her service as a director ends. They represent interests in an unfunded unitized company stock fund made up of PPG stock and cash, so the number of units attributed to her can change over time with movements in the fair market value of PPG common stock and the amount of cash in the fund.
PPG Industries Inc. reported that director Kathy Lynn Fortmann acquired 31.4774 phantom stock units tied to its common stock on 12/12/2025 under the PPG Industries, Inc. Deferred Compensation Plan for Directors. These phantom stock units convert to common stock on a one-for-one basis after her service as a director ends and are recorded at a price of $ 103.54. Following this transaction, she beneficially owns 2,849.091 phantom stock units, held directly in the plan, which represent interests in an unfunded unitized company stock fund comprised of stock and cash.
PPG Industries, Inc. reported that its Board of Directors elected Todd M. Schneider as a new director, effective January 14, 2026. He will serve in the director class whose term runs until the 2026 annual shareholder meeting and will sit on the Board’s Nominating and Governance Committee and Sustainability and Innovation Committee.
Schneider is the President and Chief Executive Officer of Cintas Corporation. In 2024, PPG sold about $13,000 of products and services to Cintas and purchased about $9,350,000 from Cintas, and in the first three quarters of 2025 PPG purchased about $7,550,000 from Cintas. The companies state these dealings were in the ordinary course of business and each represented less than one percent of their consolidated gross revenues for the referenced periods. As an independent director, Schneider will receive compensation consistent with PPG’s other non-employee directors.
PPG Industries, Inc. announced that Senior Vice President and Chief Financial Officer Vincent J. Morales intends to retire from the company on July 1, 2026. His previously awarded stock options, restricted stock units and total shareholder return contingent shares will continue to vest according to their existing terms, meaning there are no special or accelerated equity arrangements tied to this decision. The company issued a press release on December 1, 2025 to communicate his planned retirement to the broader market.
PPG Industries, Inc. Senior VP and CFO Vincent J. Morales reported a routine compensation-related transaction involving phantom stock units tied to the company’s common stock. On 11/28/2025, he acquired 15.93 phantom stock units at $100.04 per unit in the PPG Industries, Inc. Deferred Compensation Plan. These phantom units track the value of PPG common shares and convert into common stock on a one-for-one basis after termination of employment with PPG. Following this transaction, Morales beneficially owned a total of 27,291.7713 phantom stock units in the plan, all held in direct form.