Braun Kevin D. 4

What Happened
Kevin D. Braun, Senior Vice President, Operations at PPG Industries, had a 2023 restricted stock unit (RSU) performance award settle on Feb 18, 2026. He was credited with 1,830 shares (award/acquisition) and 478 shares were withheld/disposed to satisfy tax withholding at $128.25 per share, totaling $61,304. The award is reported as an acquisition (code A) and the withholding as a disposition for tax purposes (code F).

Key Details

• Transaction dates: Feb 18, 2026; Form 4 filed Feb 20, 2026 (timely filing).
• Grant: 1,830 shares acquired (RSU settlement) — reported at $0.00 on Form 4 (code A).
• Withholding/tax: 478 shares disposed at $128.25 each, total $61,304 (code F).
• Shares owned after transaction: filing references total shares held in the reporting person’s PPG Employee Savings Plan per footnote F2; the filing does not state an aggregate total in the Form 4 excerpt provided.
• Footnotes: F1 — settlement of 2023 restricted stock unit performance award; F2 — notes total shares held in the employee savings plan as of Feb 18, 2026.
• This withholding is for tax obligations (not an open-market sale), so it is a routine administrative disposition rather than a directional bet on the stock.

Context
This was the settlement of a prior performance-based RSU grant and the withholding of shares to cover taxes — a common, non-speculative event for executives. The transaction codes indicate an award (A) plus tax withholding (F); no cash purchase or voluntary open-market sale was reported.