Kevin D. Braun, Senior Vice President of Operations at PPG Industries, Inc., filed a Form 4 on November 2, 2026, disclosing an acquisition of phantom stock units on October 30, 2026, under the company's Deferred Compensation Plan.

Key Highlights

  • Reporting person: Kevin D. Braun, identified in the filing as Sr VP, Operations at PPG Industries, Inc. (NYSE:PPG)
  • Transaction: Acquisition (code A) of 20.6725 phantom stock units on October 30, 2026
  • Price per unit: $119.52, as reported in the filing
  • Total phantom stock units held: 1,015.7097 following the reported transaction, held directly
  • Conversion terms: Each phantom stock unit converts to common stock on a one-for-one basis, exercisable after termination of employment with PPG
  • Plan context: Units are held in the PPG Industries, Inc. Deferred Compensation Plan and represent interests in an unfunded unitized company stock fund

Braun's Phantom Stock Unit Acquisition Under PPG's Deferred Compensation Plan

According to the Form 4 filed on November 2, 2026, Kevin D. Braun acquired 20.6725 phantom stock units in PPG Industries, Inc. on October 30, 2026, at a price of $119.52 per unit. The filing lists the transaction code as A, indicating an acquisition. Following this transaction, the filing reports Braun's total directly held phantom stock units at 1,015.7097.

The filing explains that phantom stock units held in the PPG Industries, Inc. Deferred Compensation Plan "represent interests in an unfunded unitized company stock fund comprised of stock and cash." Each unit converts to common stock on a one-for-one basis, with conversion occurring after termination of employment with PPG. The filing further notes that the number of shares attributed to Braun 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 was signed by Greg E. Gordon as Attorney-in-Fact for Kevin D. Braun.

No non-derivative securities transactions were reported in Table I of the filing. The Form 4 was filed by one reporting person and is not identified as an amendment to a prior filing.

What Was Disclosed

The filing discloses an acquisition of 20.6725 phantom stock units by PPG Industries Sr VP Kevin D. Braun on October 30, 2026, at $119.52 per unit, bringing his total plan holdings to 1,015.7097 units, all held directly.