Ericson Amy R. 4

What Happened

• Amy R. Ericson, Senior Vice President, P&M Coatings at PPG Industries (PPG), had a restricted stock unit (RSU) performance award settle on 2026-02-18. The award granted 2,920 shares (acquired at $0.00, gross value ≈ $374,490 at the reported price).
• To cover tax withholding related to the settlement, 763 shares were disposed (withheld) at $128.25 per share, totaling $97,855. Net shares delivered to Ericson were 2,157 (2,920 gross − 763 withheld). This was a settlement of an award, not an open-market sale or purchase.

Key Details

• Transaction date: 2026-02-18; filing date: 2026-02-20 (filed promptly).
• Award: 2,920 shares granted at $0.00 (RSU settlement). Tax withholding: 763 shares disposed at $128.25 each = $97,855.
• Implied gross value of award at $128.25: ~ $374,490; net shares retained: 2,157.
• Footnote: Settlement of 2023 restricted stock unit performance award (per filing).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context

• This was a routine settlement of a prior performance-based RSU award with shares withheld to satisfy tax obligations (cashless/withholding disposition), not an open-market sale or purchase. Such withholding is common and does not necessarily signal a change in the insider’s view of the company.