Fortmann Kathy Lynn 4

What Happened Kathy Lynn Fortmann, a director of PPG Industries, received an award of 36.084 phantom stock units (derivative interest) on 2026-03-12 at an attributed price of $100.73 per share, a total value of approximately $3,635. This transaction is an award/grant under PPG’s deferred compensation plan for directors (an acquisition of derivative units), not an open-market purchase.

Key Details

• Transaction date and value: 2026-03-12; 36.084 units at $100.73 each; total ≈ $3,635.
• Nature of instrument: Phantom stock units (derivative) in the PPG Directors’ Deferred Compensation Plan.
• Shares owned after transaction: Not specified in the filing.
• Filing date: 2026-03-13 for a 2026-03-12 transaction — filing appears timely.
• Footnotes of note:
  • F1: Units convert to common stock on a one-for-one basis.
  • F2: Payment/conversion is tied to termination of service as a director.
  • F3: Phantom units represent interests in an unfunded unitized company stock fund (mix of stock and cash); the account value may change with PPG’s share price and cash in the fund.

Context This award is director compensation in the form of phantom stock units that track the value of PPG stock rather than an outright stock purchase. Such grants are common for board compensation and do not by themselves indicate insider buying or selling sentiment. The units convert one-for-one into common shares (and/or cash) per the plan and are typically settled under the plan’s rules, including settlement timing tied to service termination.