Hefel Juliane M. 4

4 · PPG INDUSTRIES INC · Filed Feb 20, 2026

AI-generated summary of this filing

Updated Feb 20, 2026

PPG Sr. VP Juliane Hefel Receives 918 Phantom Stock Units

What Happened

Juliane M. Hefel, Senior Vice President, Industrial Coatings & Special Products at PPG Industries (PPG), was credited with 918 units on 2026-02-18 as an award/acquisition (A). The filing shows these are phantom stock units received in lieu of 918 settled 2023 restricted stock units (RSUs). No cash price or market value is reported in the Form 4.

Key Details

Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (timely; within standard 2-business-day window).
Reported acquisition: 918 phantom stock units (derivative units), labeled as an award/grant (code A).
Price/market value: N/A in filing.
Shares/units owned after transaction: the filing credits 918 phantom units from this deferral; the aggregate total of phantom units held by the reporting person is not specified in the transaction line.
Relevant footnotes:
- F1: Hefel deferred receipt of 918 settled 2023 performance RSUs and received 918 phantom stock units under PPG’s Deferred Compensation Plan.
- F2: Benefits tied to these units are described as payable after termination of employment.
- F3: Phantom stock units represent interests in an unfunded unitized company stock fund (stock and cash), and the number/attributed value can change with the fund’s composition and PPG share price.

Context

Phantom stock units are derivative compensation that track the value of company stock but are not currently tradable shares; they are typically settled in stock and/or cash per the plan terms and do not necessarily indicate a buy/sell market signal.
This is an internal compensation deferral rather than an open-market purchase or sale.

Form 4

Period: 2026-02-18

Sr. VP, Ind Coatings & Sp Prod

Transactions

Award
Phantom Stock Units
[F1][F2][F3]
2026-02-18+918→ 1,148.395 total
→ Common Stock (918 underlying)

Footnotes (3)

[F1]Upon the settlement of the 2023 restricted stock unit performance award, the reporting person deferred the receipt of 918 shares of common stock and received instead 918 phantom stock units pursuant to the PPG Industries, Inc. Deferred Compensation Plan.
[F2]After termination of employment with PPG.
[F3]Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan. Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the funds.

Signature

/s/ Greg E. Gordon, Attorney-in-Fact for Juliane M. Hefel|2026-02-20

1 file