PPG Director Michael W. Lamach Receives Award of 145.561 Shares

What Happened

• Michael W. Lamach, a director of PPG Industries, received a grant/award of 145.561 derivative shares on 2026-09-11. The award is reported at an acquisition price of $105.50 per share, for a reported value of $15,357. This was an award of phantom/derivative units (not an open-market purchase).

Key Details

• Transaction date and reported price: 2026-09-11 at $105.50 per share (total value $15,357).
• Transaction type: Award/Grant (derivative units) — reported as acquisition (code A).
• Shares owned after transaction: Not reported in the filing.
• Filing date: 2026-09-14 — appears timely given standard Form 4 deadlines.
• Notable footnotes:
  • F1: The security converts to common stock on a one-for-one basis.
  • F3: Units are phantom stock units in the PPG Deferred Compensation Plan for Directors; unit counts can change with the plan's fund value.
  • F2: Notes treatment after termination of director service (related to timing of settlement or conversion).

Context

• These were phantom stock/derivative units in a director deferred compensation plan, not an open-market buy. Phantom units typically represent interests in an unfunded stock/cash fund and may convert or be settled later (per footnotes). Such awards are routine director compensation and do not necessarily indicate the director is buying or selling company stock in the market.