KNAVISH TIMOTHY M 4

What Happened

• Timothy M. Knavish, Chairman and CEO of PPG Industries (PPG), received an award/other acquisition of 9.333 derivative shares on Feb 27, 2026. The award is valued at $123.27 per share, for a total reported value of about $1,151. This was an award/grant (not a market purchase or sale).

Key Details

• Transaction date: 2026-02-27; Filing date: 2026-03-02 (filed within the required reporting window).
• Transaction type: Award/other acquisition of derivative shares (Code A).
• Shares/units received: 9.333 derivative shares at $123.27 each; total reported value ≈ $1,151.
• Shares owned after transaction: Not specified in the filing.
• Relevant footnotes from the filing:
  • F1: The derivative security converts to common stock on a one-for-one basis.
  • F2: References conversion/rights after termination of employment.
  • F3: The units are part of phantom stock in PPG’s Deferred Compensation Plan (unfunded unitized stock fund whose attributed share count can change with plan value).
• Timeliness: Filing date indicates the Form 4 was submitted in the normal reporting window (not flagged late).

Context

• This was an executive compensation award (derivative/phantom stock units), a routine form of pay rather than an open-market buy or sale. Per the footnotes, the units are phantom stock in a deferred compensation plan and convert to common shares one-for-one, typically reflecting long-term compensation rather than an immediate cash-market position. Such awards are informational about pay but do not by themselves indicate personal buying or selling intent.