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PPG Industries director Guillermo Novo received a grant of 24.5887 Phantom Stock Units, which convert into common stock on a one-for-one basis. These units were credited at a reference price of $119.34 per unit and are held in the Deferred Compensation Plan for Directors. After this award, Novo holds a total of 13,180.5187 phantom stock units, which generally become payable in common stock after his termination of service as a director.
PPG Industries director Michael Nally received a grant of 56.3136 Phantom Stock Units, tied to a reference price of $119.34 per unit. These units convert into an equal number of common shares after his service as a director ends. Following this award, he holds a total of 10,338.8435 phantom stock units in the company’s Deferred Compensation Plan for Directors.
PPG Industries Inc. director Kathleen Ligocki reported a compensation-related grant of phantom stock units. On June 12, 2026, she acquired 49.7864 phantom stock units, each tied to PPG common stock at a reference value of $119.34 per unit. These units convert into common stock on a one-for-one basis after her termination of service as a director, under PPG’s Deferred Compensation Plan for Directors. Following this grant, she holds a total of 8,852.3440 phantom stock units in the plan, which represents an interest in an unfunded company stock fund comprised of stock and cash.
PPG Industries director Michael W. Lamach received a grant of 81.2935 Phantom Stock Units. The units were valued at $119.3400 per unit and are tracked in the company’s Deferred Compensation Plan for Directors.
Following this grant, Lamach holds a total of 16,027.7575 Phantom Stock Units. Each unit converts into one share of PPG common stock after his termination of service as a director. The plan is unfunded and unitized, so the number of units attributed to him can change over time based on the fair market value of PPG’s stock and the cash balance in the fund, without any action by him.
PPG Industries director Gary R. Heminger received a grant of 67.1958 Phantom Stock Units linked to PPG common stock. These units were valued at $119.3400 per unit for this award and convert into common shares on a one-for-one basis after his service as a director ends.
Following this grant, Heminger now holds a total of 12,817.1328 phantom stock units in PPG’s Deferred Compensation Plan for Directors. The units represent interests in an unfunded company stock fund whose credited share amount can change with PPG’s stock price and cash in the fund.
PPG Industries director Melanie Healey received a grant of 37.2202 Phantom Stock Units tied to PPG common stock at a reference price of $119.34 per unit. These units convert to common stock on a one-for-one basis after her termination of service as a director.
Following this award, Healey holds a total of 5,990.4983 Phantom Stock Units in PPG’s Deferred Compensation Plan for Directors, an unfunded plan whose unit balance can change with the fair market value of PPG’s common stock and cash in the plan’s stock fund. The transaction is a non-cash, compensation-related acquisition rather than an open-market trade.
PPG Industries director Kathy Lynn Fortmann received a grant of 34.9756 Phantom Stock Units on June 12, 2026 as compensation. These units are a derivative tied to PPG common stock and convert to common shares on a one-for-one basis after she terminates service as a director.
Following this award, Fortmann holds a total of 5,404.2943 Phantom Stock Units in the PPG Industries Deferred Compensation Plan for Directors. These units represent interests in an unfunded unitized company stock fund made up of PPG stock and cash, so the attributed number of units can change over time with the stock’s market value and the fund’s cash balance.
PPG Industries executive Robert L. Massy, Sr. VP and Chief HR Officer, reported a small compensation-related transaction involving phantom stock units. He received an award of 0.0736 phantom stock units tied to PPG common stock, using a reference price of $112.98 per unit.
Following this grant, his total holdings in phantom stock units within the PPG Industries, Inc. Deferred Compensation Plan increased to 171.041 units. These units convert to common stock on a one-for-one basis after termination of employment and represent interests in an unfunded unitized company stock fund whose unit count may change with stock price and cash in the fund.
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.
PPG Industries senior vice president Juliane M. Hefel received a small grant of phantom stock units as compensation. On this Form 4, she acquired 1.5135 phantom stock units, each tied to the value of PPG common stock at $112.98 per unit reference price.
After this grant, she holds a total of 1,396.8241 phantom stock units in the PPG Industries Deferred Compensation Plan. These units convert into PPG common stock on a one-for-one basis after termination of employment and can fluctuate over time with the stock price and cash in the plan.