Schneider Todd M. 4

What Happened

• Todd M. Schneider, a director of PPG Industries (PPG), reported vesting and conversion of 432 restricted stock units (RSUs) into common shares on April 15, 2026. Two shares were surrendered to cover tax withholding at $107.72 per share (total ~$215). On April 16, 2026 he was also granted 1,684 additional RSUs (no cash paid).
• The RSU vesting/conversion entries are reported as derivative exercises/conversions (code M) and the tax withholding as a disposition (code F). All reported transactions show $0 acquisition price for the RSUs (typical for RSU grants).

Key Details

• Transaction dates: April 15, 2026 (432 RSUs converted; 2 shares withheld for taxes), April 16, 2026 (grant of 1,684 RSUs).
• Tax withholding: 2 shares withheld at $107.72 each; total ~$215.
• Footnotes: The 432 vested units were from a grant made Jan 14, 2026. Each RSU represents a contingent right to one share. The newly reported RSUs vest on April 14, 2027 (per filing footnote).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing date / timeliness: Form filed Apr 17, 2026 for report period Apr 15, 2026 — appears timely (no late filing flag).

Context

• RSUs are compensation awards, not open‑market purchases or sales; conversion on vesting is routine. The surrender of a small number of shares to cover taxes is a common withholding method and not a market sale for investment purposes. The Apr 16 entry represents a grant of future‑vesting RSUs (no cash outlay).