Morales Vincent J 4

What Happened
Vincent J. Morales, Senior Vice President and Chief Financial Officer of PPG Industries (PPG), received a grant of 122.136 phantom stock units on 2026-06-12. The units were valued at $119.34 each, a total value of $14,576, and are reported as a derivative award (transaction code A).

Key Details

• Transaction date: 2026-06-12; Filing date: 2026-06-15 (filed within the usual two-business-day window).
• Grant: 122.136 phantom stock units @ $119.34 each; total reported value $14,576.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1 — units convert to common stock on a one-for-one basis; F2 — (notes) after termination of employment; F3 — units are "phantom stock" in PPG’s Deferred Compensation Plan and reflect interests in a unitized stock/cash fund.
• Nature: derivative award (phantom/units), not an open-market purchase or sale.

Context
Phantom stock units are a deferred compensation award that track the value of company stock but are technically derivatives until settled; they may convert to common shares on a one-for-one basis or be paid in cash per plan rules. Such awards are common for executive compensation and do not by themselves indicate buying or selling sentiment.