Morales Vincent J 4/A

What Happened

• Vincent J. Morales, Senior Vice President & Chief Financial Officer of PPG Industries (PPG), had 4,372 shares withheld to satisfy tax liability related to a prior equity event. The filing reports these shares were valued at $128.25 each, for a total of $560,709. This report is an amendment correcting the number of shares withheld.

Key Details

• Transaction date: 2026-02-18
• Action: Tax withholding/disposition of 4,372 shares at $128.25 per share (total value $560,709)
• Filing: Amended Form 4 filed 2026-02-24 to correct an administrative error in the Form 4 filed Feb 20, 2026 (see footnote F1)
• Shares owned after transaction: Not specified in this amendment
• Transaction code: F (payment of exercise price or tax liability) — not an open-market sale

Context

• This was a tax-withholding transaction (shares withheld to cover taxes), typically a routine administrative step following an option exercise or vesting event. It does not necessarily indicate a discretionary sale or change in sentiment by the insider.
• The amendment corrects a prior reporting error; investors should treat this as an administrative update rather than new, market-impacting insider selling.