KNAVISH TIMOTHY M 4

What Happened
Timothy M. Knavish, Chairman and CEO of PPG Industries (PPG), was granted 0.945 shares as an award/derivative on 2026-03-31 at an attribution value of $106.88 per share, totaling approximately $101. The filing reports this as an award (transaction code A) of a derivative instrument rather than an immediate issuance of common stock.

Key Details

• Transaction date and filing: 2026-03-31 (reported on Form 4 filed 2026-04-01) — appears to be filed timely.
• Awarded: 0.945 shares at $106.88 per share; total value ≈ $101.
• Security type: Derivative/phantom stock unit (not immediately tradable common shares).
• Footnotes: F1 = converts to common stock on a one-for-one basis; F2 = conversion tied to termination of employment; F3 = represents phantom stock units in PPG’s Deferred Compensation Plan that track a unitized stock/cash fund and may change with fund value.
• Shares owned after transaction: Not specified in the filing.

Context
This was an awarded phantom stock unit in a deferred compensation plan, not an open-market purchase or sale. Phantom units track company stock value and may convert to actual shares or cash under plan rules (here, conversion is one-for-one and tied to termination per footnotes). Such awards are typically routine compensation and do not by themselves indicate a change in the insider’s market view.