# EDGAR Filing Document

**Accession Number:** 0000079879
**File Stem:** 0001209191-23-005849
**Filing Date:** 2023-2
**Character Count:** 7196
**Document Hash:** a353a662eb1d4c4bcc141aff3ffe5713
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001209191-23-005849.hdr.sgml**: 20230201

**ACCESSION NUMBER**: 0001209191-23-005849

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230201

**DATE AS OF CHANGE**: 20230201

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** MCGARRY MICHAEL H
- **CENTRAL INDEX KEY:** 0001438852

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-01687
- **FILM NUMBER:** 23575521

**MAIL ADDRESS:**
- **STREET 1:** PPG INDUSTRIES, INC.
- **STREET 2:** ONE PPG PLACE
- **CITY:** PITTSBURGH
- **STATE:** PA
- **ZIP:** 15272
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PPG INDUSTRIES INC
- **CENTRAL INDEX KEY:** 0000079879
- **STANDARD INDUSTRIAL CLASSIFICATION:** PAINTS, VARNISHES, LACQUERS, ENAMELS & ALLIED PRODUCTS [2851]
- **IRS NUMBER:** 250730780
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** ONE PPG PL 40 EAST
- **CITY:** PITTSBURGH
- **STATE:** PA
- **ZIP:** 15272
- **BUSINESS PHONE:** 4124343131

**MAIL ADDRESS:**
- **STREET 1:** ONE PPG PL 40 EAST
- **CITY:** PITTSBURGH
- **STATE:** PA
- **ZIP:** 15272

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PITTSBURGH PLATE GLASS CO
- **DATE OF NAME CHANGE:** 19681219

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>MCGARRY MICHAEL H<br><sub>(Last) (First) (Middle)</sub><br>PPG INDUSTRIES, INC.<br>ONE PPG PLACE,<br><sub>(Street)</sub><br>PITTSBURGH, PA 15272<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-31 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Executive Chairman_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>PPG INDUSTRIES INC [ PPG ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-01-31 |  | M |  | 61867 | A | $95.00 | 245512 | D |  |
| Common Stock | 2023-01-31 |  | S |  | 61867 | D | 129.9631<sup>(1)</sup> | 183645 | D |  |
| Common Stock |  |  |  |  |  |  |  | 15586<sup>(2)</sup> | I | By 401(k) Plan |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Phantom Stock Units | <sup>(3)</sup> | 2023-01-31 |  | A |  | 25.4035 |  | <sup>(4)</sup> | <sup>(4)</sup> | Common Stock | 25.4035 | $130.34 | 5305.7924<sup>(5)</sup> | D |  |
| Employee Stock Options | $95.00 | 2023-01-31 |  | M |  |  | 61867 | 2019-02-17 | 2026-02-16 | Common Stock | 61867 | $0.00 | 0 | D |  |

---

### Footnotes:

(1) This represents the weighted average aggregate price paid for the shares. The shares were sold in multiple transactions at prices ranging from $129.5200 to $130.4300 per share, inclusive. The reporting person will provide, upon request of the SEC staff, PPG or a shareholder of PPG, complete information regarding the number of shares sold at each price within the range.

(2) Total amount of shares held for the reporting person in the reporting person's account in the PPG Industries Employee Savings Plan as of January 31, 2023.

(3) The security converts to common stock on a one-for-one basis.

(4) After termination of employment with PPG.

(5) Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan. Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. 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.

**Signature:** /s/ Greg E. Gordon, Attorney-in-Fact for Michael H. McGarry  
**Date:** 2023-02-01

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**