KNAVISH TIMOTHY M 4

What Happened

• Timothy M. Knavish, Chairman and CEO (also a Director) of PPG Industries, received an award of 118.417 derivative units (phantom stock units) on 2026-03-12. The units were valued at $100.73 each, for a total value of approximately $11,928. This was an award/acquisition (Form 4 code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-12; filing date: 2026-03-13 (filed the next day).
• Per-unit value recorded: $100.73; total value: ~$11,928.
• Nature of instrument: derivative — phantom stock units in PPG’s Deferred Compensation Plan (see footnotes).
• Shares owned after the transaction: not specified in the provided data.
• Filing status: filed promptly the next day (appears timely under Section 16 reporting rules).

Context

• These are phantom stock units (deferred compensation) that convert to common stock on a one-for-one basis per the filing (F1). According to the filing footnotes, they represent interests in an unfunded unitized stock-and-cash fund in PPG’s Deferred Compensation Plan (F3) and may be settled or convert after termination of employment (F2). Phantom units are a form of compensation and do not represent immediate open-market buying or selling.