PPG Director Kathleen Ligocki Receives 85.684-Share Award

What Happened
Kathleen Ligocki, a director of PPG Industries, received an award of 85.684 derivative units (phantom shares) on September 11, 2026. The units were valued at $105.50 each, for a total reported value of $9,040. This was an award/grant (A) of derivative securities, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-11; Form 4 filed: 2026-09-14 (filed within the SEC two-business-day window).
• Instrument: 85.684 derivative units (phantom stock units) valued at $105.50 each; total $9,040.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes of note:
  • F1: Each unit converts to one share of common stock on a one-for-one basis.
  • F2: Conversion/settlement occurs after termination of service as a director.
  • F3: These are phantom stock units under the PPG Deferred Compensation Plan for Directors — an unfunded unitized stock/cash fund; unit counts and attributed value may change with PPG’s share price and fund cash.
• Transaction type: Award of derivative securities (code A); not a sale or purchase of actual shares.

Context
Phantom stock units are a form of deferred compensation: they track share value but do not represent immediate voting stock ownership. They typically convert or are settled after a director leaves service, so this award does not necessarily signal a current buy or sell view by the insider.