Braun Kevin D. 4

What Happened
Kevin D. Braun, Senior Vice President, Operations at PPG Industries (PPG), received an award of 1.661 derivative phantom stock units on 2026-04-15. The units are reported at $107.72 each for a total value of roughly $179. This was an award/acquisition (transaction code A), not a sale.

Key Details

• Transaction date: 2026-04-15; filing date: 2026-04-16 (filed promptly).
• Units granted: 1.661 phantom stock units; reported per-unit value: $107.72; total reported value: ~$179.
• Nature of instrument: derivative phantom stock units that convert to common stock on a one-for-one basis (Footnote F1).
• Conversion timing: conversion to actual shares occurs after termination of employment (Footnote F2).
• Plan details: units are held in the PPG Deferred Compensation Plan as interests in an unfunded unitized company stock fund; unit counts may fluctuate with the fund’s fair market value and cash components (Footnote F3).
• Shares owned after transaction: not specified in this filing.
• Filing timeliness: appears timely (filed the next day); not marked late.

Context
This was an award of deferred/phantom stock units rather than a cash purchase or open-market trade. Phantom units track company stock value and will convert to common shares on a 1:1 basis after Braun’s employment ends, per the plan terms—so there was no immediate acquisition of tradable shares or sale. The reported dollar amount is small (~$179), consistent with a modest deferred-compensation credit rather than a large equity grant.