PPG Industries Officer Acquires Phantom Stock via Deferred Comp Plan

PPG Industries Inc. ($PPG) Form 4 Analysis

Executive Overview
Juliane M. Hefel, Senior Vice President of Industrial Coatings & Specialty Products at PPG Industries, Inc., reported an acquisition of 2.1055 Phantom Stock Units on September 15, 2026, priced at $104.89 per unit, totaling approximately $220.85.

Transaction Breakdown

• Security: Phantom Stock Units (convertible to common stock 1-for-1 upon termination of employment)
• Transaction Code: A (Award / Acquisition via Deferred Compensation Plan)
• Shares Acquired: 2.1055
• Price Per Share: $104.89
• Total Consideration: $220.85
• Resulting Position: 1,428.3301 Phantom Stock Units held directly

Significance & Market Context
This filing represents a routine, small-scale acquisition of phantom stock units within the PPG Industries, Inc. Deferred Compensation Plan. Given the nominal transaction size and programmatic nature of deferred compensation credits, this transaction has Low trading significance and does not indicate directional insider sentiment.