Nally Michael 4

4 · PPG INDUSTRIES INC · Filed Jun 15, 2026

AI-generated summary of this filing

Updated Jun 15, 2026

PPG Director Michael Nally Receives Award of 56.3 Shares

What Happened

Michael Nally, a director of PPG Industries, received an award/acquisition of 56.314 derivative units on 2026-06-12. The units are recorded at $119.34 each for a notional value of $6,720. This transaction is an award under PPG’s director deferred compensation arrangement rather than an open‑market purchase or sale.

Key Details

Transaction date and type: 2026-06-12 — Grant/Award (derivative acquisition).
Price used: $119.34 per share; total notional value ≈ $6,720.
Shares owned after transaction: Not specified in the filing.
Derivative nature: These are phantom stock units in PPG’s Deferred Compensation Plan for Directors (footnote F3); they convert to common stock on a one‑for‑one basis (footnote F1).
Settlement timing note: Footnote F2 indicates conversion/settlement may relate to termination of director service.
Filing timeliness: Reported on 2026-06-15; this appears to be a timely Form 4 filing.

Context

Phantom stock units are a form of deferred compensation that track the company’s stock value (they represent interests in an unfunded stock/cash fund) and do not necessarily indicate a personal purchase decision. They can change in attributed amount with fair market value and cash in the fund and typically convert to common shares per plan terms.

Form 4

Period: 2026-06-12

Director

Transactions

Award
Phantom Stock Units
[F1][F2][F3]
2026-06-12$119.34/sh+56.314$6,720→ 10,338.844 total
→ Common Stock (56.314 underlying)

Footnotes (3)

[F1]The security converts to common stock on a one-for-one basis.
[F2]After termination of service as a Director of PPG Industries, Inc.
[F3]Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors. Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund.

Signature

/s/ Greg E. Gordon, Attorney-in-Fact for Michael Nally|2026-06-15

1 file