Form 4: PPG Industries Executive Kevin Braun Acquires Phantom Stock

Senior VP of Operations Kevin D. Braun acquired 1.6612 phantom stock units in the PPG Industries Deferred Compensation Plan.

Summary

• Kevin D. Braun, Senior VP of Operations at PPG Industries, acquired 1.6612 phantom stock units on April 15, 2026.
• The transaction was executed at a price of $107.72 per unit.
• Following this transaction, the reporting person holds a total of 863.5741 phantom stock units.
• These units are held within the PPG Industries, Inc. Deferred Compensation Plan and represent interests in an unfunded unitized company stock fund.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing reflecting standard executive compensation participation.

Positives

• Continued alignment of executive interests with company performance through participation in the deferred compensation plan.

Negatives

• None identified; this is a routine administrative transaction related to a compensation plan.

Risks

• The value of phantom stock units is subject to fluctuations in the fair market value of PPG common stock and the cash component of the fund.

Future Outlook

The phantom stock units will convert to common stock on a one-for-one basis following the termination of the reporting person's employment with PPG.

Management Comments

• The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund.

Industry Context

StockSavvy.ai notes that this filing represents standard executive compensation activity within a deferred compensation plan, which is common practice among large-cap industrial firms to encourage long-term retention and equity alignment.

Comparison to Industry Standards

• The use of phantom stock units for executive deferred compensation is consistent with standard corporate governance practices at major industrial companies like Sherwin-Williams, AkzoNobel, and DuPont.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine internal compensation plan adjustment.

Next Steps

• The reporting person will continue to hold these units until the termination of their employment with PPG Industries.

Key Dates

Keywords

PPG Industries, Form 4, Insider Trading, Phantom Stock, Executive Compensation, Kevin D. Braun