LAMACH MICHAEL W 4

What Happened

• Michael W. Lamach, a director of PPG Industries, was granted 112.968 phantom stock units (derivative award) on 2026-03-12. The filing values the units at $100.73 each for a total reported value of $11,379. This was an award (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-12; Filing date: 2026-03-13 (timely filing).
• Price/value: $100.73 per unit; total reported value $11,379.
• Shares/units granted: 112.968 phantom stock units.
• Ownership after transaction: Not reported in this filing.
• Derivative/plan details: These are phantom stock units held in the PPG Deferred Compensation Plan for Directors (footnote F3). Footnote F1 indicates conversion to common stock on a one-for-one basis; footnote F2 relates to conversion/vesting tied to termination of director service.
• Transaction type: Award (A); not a purchase (P) or sale (S).

Context

• Phantom stock units are a form of deferred compensation that track the value of company stock and are settled in stock and/or cash per plan rules. They are common director compensation and do not represent an open‑market buy or sell — therefore they should be viewed as compensation, not a direct trading signal.