KNAVISH TIMOTHY M 4

What Happened
Timothy M. Knavish, Chairman and CEO (also a Director) of PPG Industries, received an award of 0.739 phantom stock units on February 13, 2026. The units were recorded at $131.34 each for a total value of approximately $97. This was an award/acquisition (derivative) as part of PPG’s deferred compensation arrangements, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-13; Filing date: 2026-02-18 (filed within the required two business days, accounting for the Feb 16 holiday).
• Award: 0.739 phantom stock units @ $131.34 each = ~$97 (derivative/award).
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes:
  • F1 — the awarded security converts to common stock on a one-for-one basis.
  • F2 — conversion/ payout may occur after termination of employment.
  • F3 — these are phantom stock units in PPG’s Deferred Compensation Plan (an unfunded unitized stock/cash fund whose value can change without action by the participant).

Context
This was a small deferred-compensation award (phantom units), a routine form of executive compensation. Phantom units track the value of company stock and may convert to actual shares or cash under plan rules (often at or after departure), so this award does not necessarily indicate a buy/sell signal.