PPG Industries (PPG) Director Michael W. Lamach Receives Award

What Happened
Michael W. Lamach, a director of PPG Industries, received a grant/award of 81.294 phantom stock units on 2026-06-12. The units are reported at an underlying price of $119.34 each, for a notional value of approximately $9,702. This was an award (derivative grant), not an open-market purchase or sale.

Key Details

• Transaction date and type: 2026-06-12 — Award/Grant (derivative) (Code A).
• Quantity and valuation: 81.294 shares/units × $119.34 = ~$9,702.
• Shares owned after transaction: Not specified in the filing.
• Filing date and timeliness: Report filed 2026-06-15; appears timely under the SEC’s 2-business-day Form 4 rule.
• Footnotes of note:
  • F1: The security converts to common stock on a one-for-one basis.
  • F2: References "After termination of service as a Director" (appears tied to timing or conditions in the plan).
  • F3: These are phantom stock units in the PPG Deferred Compensation Plan for Directors — units represent interests in an unfunded unitized stock fund (stock + cash). The number attributable to the participant can change with the fair market value of PPG stock and cash in the fund.

Context
This was a director compensation award (phantom stock units) under PPG’s deferred compensation plan rather than a market transaction. Phantom units are derivative and typically settle in stock or cash according to the plan rules and any vesting/termination conditions, so the award does not necessarily indicate immediate buying or selling activity.