Timothy M. Knavish, Chairman and CEO of PPG Industries Inc. (NYSE: PPG), filed a Form 4 on August 4, 2026, disclosing the acquisition of phantom stock units in the company's Deferred Compensation Plan with a transaction date of July 31, 2026.

Key Highlights

  • Reporting person: Timothy M. Knavish, Chairman and CEO of PPG Industries Inc.
  • Transaction: Acquisition (Code A) of 35.3567 phantom stock units on July 31, 2026.
  • Price per unit: $110.52, with the underlying security being common stock on a one-for-one conversion basis.
  • Total phantom stock units held: 12,678.6861 units in the PPG Industries, Inc. Deferred Compensation Plan following the transaction.
  • Ownership form: Direct (D), held within the Deferred Compensation Plan.
  • Conversion trigger: Units convert to common stock after termination of employment with PPG.

PPG CEO Knavish Adds Phantom Stock Units via Deferred Compensation Plan

According to the filing, Timothy M. Knavish acquired 35.3567 phantom stock units on July 31, 2026, at a price of $110.52 per unit. The filing identifies these units as derivative securities that convert to PPG Industries common stock on a one-for-one basis, with conversion occurring after the reporting person's termination of employment with PPG.

The filing discloses that following the transaction, Knavish holds a total of 12,678.6861 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan. The filing notes that "phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash," and that "the number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund."

The Form 4 was signed by Greg E. Gordon as Attorney-in-Fact for Timothy M. Knavish and filed on August 4, 2026. The filing was made by one reporting person and is not designated as an amendment to a prior filing.

What Was Disclosed

The filing discloses the acquisition of 35.3567 phantom stock units by PPG Industries Chairman and CEO Timothy M. Knavish on July 31, 2026, at $110.52 per unit, bringing his total Deferred Compensation Plan holdings to 12,678.6861 units.