KNAVISH TIMOTHY M 4

What Happened
Timothy M. Knavish, Chairman and CEO of PPG Industries, received an award of 0.839 phantom stock units on January 30, 2026. The units were valued at $115.63 each for a total grant value of approximately $97. This was a derivative award (not an immediate grant of common shares) reported on Form 4 and filed on February 2, 2026.

Key Details

• Transaction date: 2026-01-30; Form 4 filed: 2026-02-02 (timely filing).
• Award: 0.839 units at $115.63 per unit; aggregate value ≈ $97. Reported as a derivative acquisition (Code A).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — units convert to common stock on a 1-for-1 basis. F2 — conversion/settlement occurs after termination of employment. F3 — these are phantom stock units in PPG’s Deferred Compensation Plan and reflect interests in an unfunded stock/cash fund; unit counts and value can change with the fund’s fair market value.
• No sale or exercise occurred — this is a compensation award, not an open‑market purchase or disposal.

Context
Phantom stock units are a deferred-compensation vehicle that track the company’s share value but do not represent voting common stock now; they are typically settled in stock or cash later (here, after employment per F2). The dollar amount is very small (~$97), so this appears to be a routine compensation grant rather than a materially informative insider purchase or sale.