PPG Sr VP Kevin Braun Receives Phantom Stock Award

What Happened
Kevin D. Braun, Senior Vice President, Operations at PPG Industries (PPG), received an award of 25.014 derivative phantom stock units on 2026-09-30. The award was valued at $104.33 per share for a total reported value of approximately $2,610. This is an award/grant (A) of a derivative security rather than an open‑market purchase or sale.

Key Details

• Transaction date and terms: 2026-09-30 — 25.014 units @ $104.33 each; total ~$2,610 (reported as a derivative acquisition).
• Security type: Phantom stock units (derivative) reported under an award/grant code A.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes of note:
  • F1: The security converts to common stock on a one-for-one basis.
  • F2: Notes “After termination of employment with PPG.” (included in the filing footnotes).
  • F3: Units are phantom stock units held in the PPG Deferred Compensation Plan; they represent interests in a unitized stock/cash fund and the attributed number may change with fund value.
• Filing timeliness: No late‑filing indicator provided in the summary data.

Context
Phantom stock units are a form of deferred compensation that track the value of company stock; they are not immediate share purchases and do not necessarily imply the insider bought or sold actual common shares. Per the filing, these units can convert one‑for‑one into common stock and are held in an unfunded deferred compensation fund whose value may fluctuate. For retail investors, awards like this are routine executive compensation and should be viewed differently from open‑market purchases (which can be a stronger signal of personal bullishness).