PPG Sr VP Kevin D. Braun Receives Award of 7.134 Shares

What Happened
Kevin D. Braun, Senior Vice President, Operations at PPG Industries, received an award (derivative) of 7.134 shares on 2026-09-11 at a reported price of $105.50 per share, for a total reported value of $753. The transaction code is "A" (grant/award/other acquisition) and the security is a derivative (phantom stock unit), not an immediate open-market purchase of common stock.

Key Details

• Transaction date and price: 2026-09-11; 7.134 units @ $105.50 each; total value $753.
• Instrument: Derivative — phantom stock units held in PPG’s Deferred Compensation Plan (not immediate common shares).
• Post-transaction holdings: Not disclosed in the filing.
• Filing: Report filed on 2026-09-14 (timely relative to the 2026-09-11 transaction).
• Relevant footnotes:
  • F1: The security converts to common stock on a one-for-one basis.
  • F2: Conversion/settlement occurs after termination of employment with PPG.
  • F3: These are phantom stock units in an unfunded unitized company stock fund; the number/value may change with the fair market value of PPG stock and cash in the fund.

Context
This was a compensation award (phantom stock units) rather than an outright purchase or sale of common shares. Phantom units track the value of PPG stock and generally settle in accordance with the plan (here, with conversion and/or payout conditions noted in the footnotes), so this type of filing is typically part of routine executive compensation rather than a direct market sentiment signal. The reported value is modest ($753), indicating a small grant in dollar terms.