Form 4: PPG Senior VP Acquires Phantom Stock Units

PPG Industries' Senior VP of Operations, Kevin D. Braun, acquired 26.5104 phantom stock units on November 28, 2025, as part of a deferred compensation plan.

Summary

• Kevin D. Braun, Senior VP of Operations at PPG Industries Inc. (PPG), acquired 26.5104 phantom stock units.
• The transaction date for this acquisition was November 28, 2025.
• Each phantom stock unit was valued at $100.04 at the time of acquisition.
• Following this transaction, Mr. Braun beneficially owns a total of 773.367 phantom stock units.
• These phantom stock units are convertible to common stock on a one-for-one basis.
• The conversion of these units will occur after Mr. Braun's termination of employment with PPG.
• The units are part of the PPG Industries, Inc. Deferred Compensation Plan, representing interests in an unfunded unitized company stock fund.

Sentiment

Score: 5

Explanation: The filing reports a routine acquisition of phantom stock units by a senior executive as part of a deferred compensation plan. This is a neutral event, indicating standard executive incentive practices without significant positive or negative implications for the company's immediate financial health or strategic direction.

Positives

• The acquisition of phantom stock units increases the alignment of the executive's long-term interests with shareholder value.
• Participation in a deferred compensation plan suggests a continued commitment by the executive to the company's future.

Negatives

• No direct negatives are identified from this routine executive compensation transaction.

Risks

• The value of the phantom stock units is subject to fluctuations based on the fair market value of PPG's common stock and the amount of cash in the underlying fund, introducing market risk.

Future Outlook

The phantom stock units held by Kevin D. Braun will convert to common stock on a one-for-one basis after his termination of employment with PPG.

Industry Context

This transaction is a standard executive compensation event, common across various industries, where senior management receives equity-linked incentives to align their long-term financial interests with the company's performance and shareholder returns.

Related Party Transactions

• The acquisition of phantom stock units is part of the PPG Industries, Inc. Deferred Compensation Plan, which is a standard employee benefit arrangement for executives.

Stakeholder Impact

• Shareholders: Minimal direct impact; potentially positive due to increased executive alignment with long-term share value.
• Employees: No direct impact on general employees.

Next Steps

• Conversion of the phantom stock units to common stock upon the reporting person's termination of employment with PPG.

Key Dates

Keywords

PPG Industries, PPG, Form 4, Insider Transaction, Phantom Stock Units, Executive Compensation, Deferred Compensation, Kevin D. Braun, Beneficial Ownership