KNAVISH TIMOTHY M 4

What Happened

• Timothy M. Knavish, Chairman and CEO (and Director) of PPG Industries, received a grant/award of 0.991 derivative units on 2026-03-13. The award is reported at $101.89 per share, with a total reported value of about $101. This was an award (code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-03-13; 0.991 units at $101.89 per share (total ≈ $101).
• Filing date: Form 4 filed 2026-03-16 — reported timely.
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • F1: The security converts to common stock on a one-for-one basis.
  • F3: These are phantom stock units held in PPG’s Deferred Compensation Plan — they represent interests in an unfunded unitized stock/cash fund and the attributed share count can change with the company’s fair market value and fund cash.
  • F2: (appears in filing) indicates some conversion/rights may relate to post-employment treatment.

Context

• This was a compensation award (derivative/phantom stock units) rather than a market buy or sale. Such grants are commonly part of executive pay and do not necessarily signal a personal cash investment or disposition. The units convert 1:1 into common stock per the filing and are held in a deferred compensation arrangement, so timing of actual stock receipt may be subject to plan terms (including potential post-employment rules noted in F2).