Braun Kevin D. 4

What Happened
Kevin D. Braun, Senior Vice President, Operations at PPG Industries, received an award of 1.196 phantom stock units on 2026-06-15. The units were valued at $121.53 per share (total reported value $145). The transaction is reported as an award/acquisition (code A) and is recorded as a derivative interest rather than an open-market purchase.

Key Details

• Transaction date and price: 2026-06-15; 1.196 units @ $121.53 each (total $145).
• Transaction type: Award/Grant (derivative units) — not a purchase or sale.
• Shares owned after transaction: Not specified in this filing.
• Footnotes of note:
  • F1: Units convert to common stock on a one-for-one basis.
  • F2: Payment/conversion is tied to termination of employment (per footnote).
  • F3: Units are phantom stock units in PPG’s Deferred Compensation Plan (unfunded unitized stock/cash fund); unit counts/value can change with the stock’s fair market value and fund cash.
• Filing timeliness: Report covers 2026-06-15 and was filed 2026-06-16 — filed promptly, no late-filing indication.

Context
This was a compensation award of phantom stock units in PPG’s deferred compensation plan. Phantom units represent a pay-equivalent interest (stock and cash mix) and are different from an outright purchase of company shares; they may convert to common stock one-for-one and are often paid out under plan rules (here tied to termination). Such awards are routine compensation and should not be interpreted as a direct market purchase or sale by the insider.