Timothy M. Knavish, Chairman and CEO of PPG Industries, Inc., filed a statement of changes in beneficial ownership on November 2, 2026, reporting the acquisition of 15.7696 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan on October 30, 2026.

Key Highlights

  • Reporting person: Timothy M. Knavish, Chairman and CEO of PPG Industries, Inc. (NYSE:PPG)
  • Security acquired: 15.7696 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan, transaction coded "A" (acquired)
  • Transaction date: October 30, 2026, with the price of the derivative security listed as $119.52
  • Post-transaction holdings: Knavish beneficially owned a total of 12,953.3152 phantom stock units following the reported transaction
  • Conversion terms: According to the filing, the phantom stock units convert to common stock on a one-for-one basis, with conversion occurring after termination of employment with PPG
  • Plan note: The filing states that the number of units attributed to Knavish "may change from time to time without the volition of the reporting person" depending on the fair market value of PPG's common stock and the amount of cash in the fund

Knavish Phantom Stock Unit Acquisition in PPG Deferred Compensation Plan

According to the filing, Timothy M. Knavish, who serves as both Chairman and CEO of PPG Industries, Inc., acquired 15.7696 phantom stock units on October 30, 2026, under the PPG Industries, Inc. Deferred Compensation Plan. The transaction was reported as a direct ownership holding, coded "A" for acquired. The price of the derivative security associated with the transaction was recorded as $119.52. PPG Industries is a global supplier of paints, coatings, and specialty materials, and the Deferred Compensation Plan is one mechanism through which senior executives accumulate equity-linked interests in the company.

The filing explains that phantom stock units "represent interests in an unfunded unitized company stock fund comprised of stock and cash." Each unit converts to one share of PPG common stock, but only after the reporting person's termination of employment with PPG. Following this acquisition, the total number of phantom stock units beneficially owned by Knavish in the plan stood at 12,953.3152. The filing was signed by Greg E. Gordon as Attorney-in-Fact for Timothy M. Knavish and submitted on November 2, 2026. No non-derivative securities transactions were reported in Table I of the filing.

What Was Disclosed

The filing reported the acquisition of 15.7696 phantom stock units by PPG Industries Chairman and CEO Timothy M. Knavish on October 30, 2026, at a price of $119.52, bringing his total plan holdings to 12,953.3152 units, which convert to common stock upon employment termination.