Timothy M. Knavish, Chairman and CEO of PPG Industries, Inc., filed a Form 4 with the SEC on September 1, 2026, disclosing an acquisition of phantom stock units in the company's Deferred Compensation Plan with a transaction date of August 31, 2026.

Key Highlights

  • Reporting person: Timothy M. Knavish, identified as Chairman and CEO and a Director of PPG Industries, Inc. (NYSE:PPG)
  • Security acquired: 35.1445 Phantom Stock Units acquired on August 31, 2026, at a price of $112.17
  • Total phantom stock units held: 12,737.184 units following the reported transaction, held directly in the PPG Industries, Inc. Deferred Compensation Plan
  • Conversion terms: The phantom stock units convert to common stock on a one-for-one basis, with conversion occurring after termination of employment with PPG
  • Transaction code: A (acquisition)
  • Filing signed by: Greg E. Gordon, Attorney-in-Fact for Timothy M. Knavish, on September 1, 2026

PPG Industries CEO's Phantom Stock Unit Transaction in Deferred Compensation Plan

According to the filing, Timothy M. Knavish acquired 35.1445 Phantom Stock Units on August 31, 2026, at a price of $112.17 per unit, under the PPG Industries, Inc. Deferred Compensation Plan. The transaction is classified as an acquisition (Code A) and is reported in Table II, covering derivative securities. The filing identifies these units as a derivative security that converts to PPG common stock on a one-for-one basis, with conversion taking place after the reporting person's termination of employment with PPG.

Following the reported transaction, the filing discloses that Knavish holds a total of 12,737.184 phantom stock units in the plan, held in direct ownership form. The filing includes an explanatory note stating 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." No transactions were reported in Table I covering non-derivative securities.

The Form 4 was filed pursuant to Section 16(a) of the Securities Exchange Act of 1934. No amendment date was indicated, and the filing was made by one reporting person. The signature block reflects that Greg E. Gordon signed as Attorney-in-Fact for Timothy M. Knavish on September 1, 2026.

What Was Disclosed

The filing reports the acquisition of 35.1445 Phantom Stock Units by PPG Industries Chairman and CEO Timothy M. Knavish on August 31, 2026, at $112.17 per unit, bringing his total plan holdings to 12,737.184 units, convertible to common stock upon employment termination.