PPG Sr. VP Kevin D. Braun Receives Award of Phantom Stock

What Happened

• Kevin D. Braun, Senior Vice President, Operations at PPG Industries (PPG), was granted 2.113 derivative shares (phantom stock units) on July 15, 2026. The award is recorded at $115.31 per share for a total reported value of about $244. This was an award/grant (Form 4 transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-15; Form filed: 2026-07-16 (timely).
• Price per share: $115.31; units granted: 2.113; total reported value: ~$244.
• Shares owned after transaction: Not disclosed in the Form 4 provided.
• Footnotes of note:
  • F1: The security converts to common stock on a one-for-one basis.
  • F2: Conversion/settlement may occur after termination of employment.
  • F3: These are phantom stock units held in PPG’s Deferred Compensation Plan; they track a unitized stock-and-cash fund and can change in number/value with the company’s stock and fund cash.
• Transaction type: Derivative award (phantom units), coded A (award/grant).

Context

• Phantom stock units are a form of deferred compensation that track the company’s stock value; they do not represent immediate common-stock ownership until settled or converted. Such awards are routine compensation and do not by themselves indicate an insider buying or selling shares for market sentiment reasons.