PPG SVP Kevin Braun Receives Phantom Stock Award

What Happened

• Kevin D. Braun, Senior Vice President, Operations at PPG Industries (PPG), received a derivative award of 7.695 phantom stock units on July 31, 2026. The units were recorded at $110.52 each for a total value of approximately $850. This transaction is an award/grant (derivative), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-07-31; Form 4 filed: 2026-08-04 (filed within the standard two-business‑day window).
• Award: 7.695 phantom stock units @ $110.52 each = ~$850 (derivative security; transaction code A).
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: Each unit converts to common stock on a one‑for‑one basis.
  • F2: Payment/vesting may occur after termination of employment.
  • F3: Units are phantom stock in PPG’s Deferred Compensation Plan and represent interests in an unfunded fund of PPG stock and cash; unit amounts may change with the fund’s value.
• No indication this was a sale; this is a small-value award consistent with deferred compensation plan grants.

Context

• This is a discretionary/deferred compensation award (phantom stock units), not a cash purchase or option exercise. Such awards are commonly used for long‑term compensation and may not reflect near‑term trading intentions. The size of the grant (~$850) is modest relative to typical executive equity transactions.