Braun Kevin D. 4

What Happened

• Kevin D. Braun, Senior Vice President, Operations at PPG Industries (PPG), received an award of 6.955 phantom stock units (derivative interest) on 2026-06-30. The units are reported at $121.29 each, totaling about $844. The filing lists this as an award/grant (transaction code A) of a derivative security rather than an open-market purchase.

Key Details

• Transaction date and valuation: 2026-06-30 at $121.29 per share; total value ≈ $844.
• Transaction type: Award/Grant (A) of derivative phantom stock units that convert to common stock on a one-for-one basis (Footnote F1).
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: Units convert to common stock one-for-one.
  • F2: Reference to settlement/rights after termination of employment.
  • F3: These are phantom stock units in PPG’s Deferred Compensation Plan (an unfunded unitized stock-and-cash fund whose attributed share count can change with fair market value and cash in the fund).
• Timeliness: Reported with period 2026-06-30 and filed 2026-07-01—no late filing indicated.

Context

• This was a compensation award (derivative phantom units), not an open-market purchase or sale. Phantom stock units typically reflect deferred compensation and may be settled in stock or cash per plan rules; their attributed share counts can fluctuate with PPG’s stock value. The award’s dollar amount is modest and likely routine compensation rather than a major insider investment signal.