Michael Nally - Apr 20, 2022 Form 4 Insider Report for PPG INDUSTRIES INC (PPG)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Ownership	Footnotes
transaction	PPG	Restricted Stock Units	Options Exercise	$0	-947	-100%	$0.00^*	0	Apr 20, 2022	Common Stock	947	Direct	F1
transaction	PPG	Phantom Stock Units	Options Exercise	$125K	+947	+6437.8%	$131.70^*	962	Apr 20, 2000	Common Stock	947	Direct	F2, F3
transaction	PPG	Phantom Stock Units	Award	$32.4K	+243	+25.28%	$133.15	1.2K	Apr 21, 2022	Common Stock	243	Direct	F2, F3, F4
transaction	PPG	Restricted Stock Units	Award	$0	+1.23K		$0.00	1.23K	Apr 21, 2022	Common Stock	1.23K	Direct	F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Upon the vesting of restricted stock units on April 20, 2022, which were granted to the reporting person on April 15, 2021, the reporting person deferred the receipt of 947 shares of common stock and received instead shares of phantom stock pursuant to the PPG Industries, Inc. Deferred Compensation Plan for Directors. As a result, the reporting person is reporting the conversion of restricted stock units relating to 947 shares of common stock in exchange for shares in phantom stock.
F2	The security converts to common stock on a one-for-one basis.
F3	After termination of service as a Director of PPG Industries, Inc.
F4	Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan for Directors.
F5	Each restricted stock unit represents a contingent right to receive one share of PPG Common Stock.
F6	The restricted stock units vest on April 19, 2023.