Form 4: PPG Industries CEO Timothy Knavish Acquires Additional Phantom Stock Units Under Deferred Compensation Plan

PPG Industries, Inc. Chairman and CEO Timothy M. Knavish has acquired additional phantom stock units, increasing his beneficial ownership in the company's deferred compensation plan.

Summary

• Timothy M. Knavish, Chairman and CEO of PPG Industries, Inc., acquired 18.9161 phantom stock units on June 30, 2025.
• The acquisition price for these phantom stock units was $113.75 per unit.
• Following this transaction, Mr. Knavish beneficially owns a total of 11,756.6744 phantom stock units.
• These phantom stock units are held in the PPG Industries, Inc. Deferred Compensation Plan and convert to common stock on a one-for-one basis.
• The units represent interests in an unfunded unitized company stock fund, with the number of shares attributed potentially changing based on the fair market value of PPG common stock and the fund's cash amount.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 7

Explanation: The sentiment is positive due to the CEO's acquisition of additional phantom stock units, indicating confidence in the company's future, although the transaction size is relatively small compared to total holdings.

Positives

• The acquisition of additional phantom stock units by the Chairman and CEO signals continued confidence in the company's future performance and aligns management's interests with shareholders.
• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-planned and systematic approach to insider holdings.

Future Outlook

The phantom stock units held by the reporting person will convert to common stock after termination of employment with PPG.

Industry Context

This filing is a standard disclosure of an insider transaction and does not provide broader industry context or trends.

Related Party Transactions

• The acquisition of phantom stock units by the Chairman and CEO under a deferred compensation plan constitutes a related party transaction, aligning executive compensation with company performance.

Stakeholder Impact

• Shareholders may view the CEO's increased beneficial ownership as a positive indicator of management's commitment and belief in the company's value.

Next Steps

• Phantom stock units will convert to common stock upon termination of employment with PPG.

Key Dates

Recommendation

Keywords

PPG Industries, Timothy Knavish, Form 4, Insider Transaction, Phantom Stock Units, Deferred Compensation, CEO, Corporate Governance, Rule 10b5-1, Stock Ownership