PPG INDUSTRIES INC, DEF 14A filed on 3/5/2026
Proxy Statement (definitive)
v3.25.4
Cover
 12 Months Ended
Dec. 31, 2025
Document Information [Line Items]  
Document Type DEF 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name PPG Industries, Inc.
Entity Central Index Key 0000079879
v3.25.4
Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2025
USD ($)
$ / shares
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
AVERAGE
SUMMARY
COMP. TABLE
TOTAL FOR
NON-PEO NAMED
EXECUTIVE
OFFICERS(2)
AVERAGE
COMP.
ACTUALLY PAID
TO NON-PEO
NAMED
EXECUTIVE
OFFICERS(2)
VALUE OF INITIAL FIXED $100
INVESTMENT BASED ON:
COMPANY
SELECTED
MEASURE:
ADJUSTED
EARNINGS
PER
DILUTED
SHARE(4)
YEAR
SUMMARY
COMP. TABLE
TOTAL FOR
PEO(1)
COMP.
ACTUALLY
PAID TO
PEO(1)
TOTAL
SHAREHOLDER
RETURN
PEER GROUP(3)
TOTAL
SHAREHOLDER
RETURN
NET
INCOME
(in millions)(4)
2025$14,885,022 $6,644,608 $3,380,551 $1,906,723 $78 $129 $1,571 $7.58 
2024$11,724,469 $3,687,813 $2,792,842 $1,144,265 $98 $138 $1,344 $7.87 
2023$12,472,955 $15,222,098 $4,903,304 $6,491,421 $120 $122 $1,223 $7.42 
2022$8,867,377 $238,659 $2,280,483 $(26,911)$99 $102 $1,007 $5.84 
2021$13,199,616 $22,568,453 $3,035,088 $5,267,224 $133 $135 $1,420 $6.77 
(1)    The principal executive officer was Mr. McGarry for years 2001-2022 and the principal executive officer for years 2023-2025 was Mr. Knavish.
(2)    The non-principal executive officer named executive officers were Mr. Morales, Mr. Knavish, Ms. Liebert and Ms. Foulkes for years 2021-2022. For 2023, the non-principal executive officer named executive officers were Mr. McGarry, Mr. Morales, Ms. Foulkes and Mr. Vadlamannati. Ms. Ericson was included as a non-principal executive officer named executive officer for 2023. For 2024, the non-principal executive officer named executive officers were Mr. Morales, Ms. Foulkes, Mr. Bergström, Mr. Vadlamannati, and Mr. Hagerty. For 2025, the non-principal executive officer named executive officers were Mr. Morales, Ms. Foulkes, Mr. Bergström, and Mr. Braun.
(3)    The peer group consists of: 3M Co., Akzo Nobel N.V., Axalta Coatings Systems Ltd., Dow, Inc., Dupont de Nemours, Inc., Eastman Chemical Co., Masco Corp., RPM International Inc., and The Sherwin-Williams Co. See Exhibit 13.1 of our Form 10-K for the year ended December 31, 2025.
(4)    From continuing operations. Recast to exclude the divested architectural coatings United States and Canada business for years 2022 and 2023. For the calculation of adjusted earnings per diluted share for the company performance component of the annual incentive award, an adjustment of $0.01 for currency translation was applied.
        
Company Selected Measure Name adjusted earnings per diluted share        
Named Executive Officers, Footnote
(1)    The principal executive officer was Mr. McGarry for years 2001-2022 and the principal executive officer for years 2023-2025 was Mr. Knavish.
(2)    The non-principal executive officer named executive officers were Mr. Morales, Mr. Knavish, Ms. Liebert and Ms. Foulkes for years 2021-2022. For 2023, the non-principal executive officer named executive officers were Mr. McGarry, Mr. Morales, Ms. Foulkes and Mr. Vadlamannati. Ms. Ericson was included as a non-principal executive officer named executive officer for 2023. For 2024, the non-principal executive officer named executive officers were Mr. Morales, Ms. Foulkes, Mr. Bergström, Mr. Vadlamannati, and Mr. Hagerty. For 2025, the non-principal executive officer named executive officers were Mr. Morales, Ms. Foulkes, Mr. Bergström, and Mr. Braun.
        
Peer Group Issuers, Footnote
(3)    The peer group consists of: 3M Co., Akzo Nobel N.V., Axalta Coatings Systems Ltd., Dow, Inc., Dupont de Nemours, Inc., Eastman Chemical Co., Masco Corp., RPM International Inc., and The Sherwin-Williams Co. See Exhibit 13.1 of our Form 10-K for the year ended December 31, 2025.
        
PEO Total Compensation Amount $ 14,885,022 $ 11,724,469 $ 12,472,955 $ 8,867,377 $ 13,199,616
PEO Actually Paid Compensation Amount $ 6,644,608 3,687,813 15,222,098 238,659 22,568,453
Adjustment To PEO Compensation, Footnote
PEO SCT Total Compensation to CAP Reconciliation (2021-2025)
YEARSCT
TOTAL FOR
PEO		MINUS SCT
CHANGE IN
PENSION
VALUE		PLUS
PENSION
VALUE
SERVICE
COST		MINUS SCT
EQUITY		PLUS EOY
FAIR VALUE
OF EQUITY
AWARDS
GRANTED
DURING YEAR
THAT ARE
OUTSTANDING
AND UNVESTED
AT EOY		PLUS CHANGE
FROM BOY TO
EOY IN FAIR
VALUE OF
AWARDS
GRANTED IN
ANY PRIOR
YEAR
THAT ARE
OUTSTANDING
AND UNVESTED
AT EOY		PLUS CHANGE
IN FAIR VALUE
FROM BOY TO
VESTING DATE
OF AWARDS
GRANTED IN
ANY PRIOR
YEAR THAT
VESTED
DURING
THE YEAR		PEO
CAP
2025$14,885,022 $-317,929 $— $(11,000,232)$5,128,970 $(1,628,214)$(423,009)$6,644,608 
2024$11,724,469 $59,721 $— $(8,750,401)$5,380,791 $(3,833,975)$(892,792)$3,687,813 
2023$12,472,955 $-312,592 $— $(7,499,749)$9,111,166 $744,589 $705,729 $15,222,098 
2022$8,867,377 $4,368,862 $— $(10,000,026)$7,834,096 $(4,197,554)$(6,634,096)$238,659 
2021$13,199,616 $218,598 $— $(9,400,002)$10,917,328 $4,275,913 $3,357,000 $22,568,453 
"EOY" = end of Year; "BOY" = Beginning of Year
        
Non-PEO NEO Average Total Compensation Amount $ 3,380,551 2,792,842 4,903,304 2,280,483 3,035,088
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,906,723 1,144,265 6,491,421 (26,911) 5,267,224
Adjustment to Non-PEO NEO Compensation Footnote
Average Non-PEO NEOs SCT Total Compensation to CAP Reconciliation (2021-2025)
YEARSCT
TOTAL FOR
NON-PEO
NEOs		MINUS SCT
CHANGE IN
PENSION
VALUE		PLUS
PENSION
VALUE
SERVICE
COST		MINUS SCT
EQUITY		PLUS EOY
FAIR VALUE
OF EQUITY
AWARDS
GRANTED
DURING YEAR
THAT ARE
OUTSTANDING
AND UNVESTED
AT EOY		PLUS CHANGE
FROM BOY TO
EOY IN FAIR
VALUE OF
AWARDS
GRANTED IN
ANY PRIOR
YEAR
THAT ARE
OUTSTANDING
AND UNVESTED
AT EOY		PLUS CHANGE
IN FAIR VALUE
FROM BOY TO
VESTING DATE
OF AWARDS
GRANTED IN
ANY PRIOR
YEAR THAT
VESTED
DURING
THE YEAR		MINUS FAIR
VALUE AT
BOY OF
AWARDS
GRANTED
IN PRIOR
YEAR THAT
WERE
FORFEITED
DURING
THE YEAR		NON-PEO
NEOs
CAP
2025$3,380,551 $(98,828)$— $(1,850,083)$862,613 $(289,442)$(98,088)$— $1,906,723 
2024$2,792,842 $19,362 $— $(1,500,219)$922,505 $(701,109)$(389,116)$— $1,144,265 
2023$4,903,304 $(245,779)$— $(2,279,917)$2,546,286 $753,488 $814,038 $— $6,491,421 
2022$2,280,483 $846,793 $— $(1,970,003)$1,253,448 $(546,994)$(815,908)$(1,074,730)$(26,911)
2021$3,035,088 $105,473 $— $(1,724,948)$2,003,403 $1,388,365 $459,843 $— $5,267,224 
"EOY" = end of Year; "BOY" = Beginning of Year
        
Compensation Actually Paid vs. Total Shareholder Return
5103
        
Compensation Actually Paid vs. Net Income
5464
        
Compensation Actually Paid vs. Company Selected Measure
5887
        
Total Shareholder Return Vs Peer Group
PVP TSR vs Peer Group Chart_V2.jpg
        
Tabular List, Table
MOST IMPORTANT PERFORMANCE MEASURES
Adjusted earnings per diluted share
Cash flow return on capital
Total shareholder return
        
Total Shareholder Return Amount $ 78 98 120 99 133
Peer Group Total Shareholder Return Amount 129 138 122 102 135
Net Income (Loss) $ 1,571,000,000 $ 1,344,000,000 $ 1,223,000,000 $ 1,007,000,000 $ 1,420,000,000
Company Selected Measure Amount | $ / shares 7.58 7.87 7.42 5.84 6.77
PEO Name Mr. Knavish        
Foreign Currency Translation Adjustment | $ / shares     $ 0.01 $ 0.01  
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted earnings per diluted share        
Measure:: 2          
Pay vs Performance Disclosure          
Name Cash flow return on capital        
Measure:: 3          
Pay vs Performance Disclosure          
Name Total shareholder return        
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (317,929) $ 59,721 $ (312,592) $ 4,368,862 $ 218,598
PEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (11,000,232) (8,750,401) (7,499,749) (10,000,026) (9,400,002)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,128,970 5,380,791 9,111,166 7,834,096 10,917,328
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,628,214) (3,833,975) 744,589 (4,197,554) 4,275,913
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (423,009) (892,792) 705,729 (6,634,096) 3,357,000
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (98,828) 19,362 (245,779) 846,793 105,473
Non-PEO NEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,850,083) (1,500,219) (2,279,917) (1,970,003) (1,724,948)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 862,613 922,505 2,546,286 1,253,448 2,003,403
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (289,442) (701,109) 753,488 (546,994) 1,388,365
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (98,088) (389,116) 814,038 (815,908) 459,843
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ (1,074,730) $ 0
v3.25.4
Award Timing Disclosure
 12 Months Ended
Dec. 31, 2025
Award Timing Disclosures [Line Items]  
Award Timing MNPI Disclosure
Equity awards may be granted by either the Human Capital Management and Compensation Committee or its delegate. The Human Capital Management and Compensation Committee only delegates authority to grant equity awards to employees who are not executive officers, and only in aggregate amounts not exceeding amounts approved by the Human Capital Management and Compensation Committee. The Board generally does not grant equity awards, although the Human Capital Management and Compensation Committee regularly reports its activity, including approval of grants, to the Board.
Timing of Grants and Option Exercise Price. Equity award grant values are determined in February at a regularly scheduled meeting of the Human Capital Management and Compensation Committee, and generally further grants are not made for the remainder of the year. These meetings occur approximately one month after the release of our earnings for the immediately preceding year. Annual equity awards are granted on the third business day after the filing of the Company’s Annual Report on Form 10-K based on grant values approved by the Human Capital Management and Compensation Committee at its February meeting. On limited occasions, grants may occur on an interim basis, primarily for the purpose of approving a compensation package for a newly hired or promoted executive officer. These grants are made on the second Friday of the second month of the quarter after the hire or promotion date; provided, however, that if the date of hire or promotion would fall within a Company imposed blackout period, the grant date will be the first business day following such blackout period. The timing of these grants is driven solely by the activity related to the need for hiring or promotion, not our stock price or the timing of any release of Company information. The exercise price of a newly granted stock option is the closing price on the New York Stock Exchange on the date of grant.
Award Timing Method Equity award grant values are determined in February at a regularly scheduled meeting of the Human Capital Management and Compensation Committee, and generally further grants are not made for the remainder of the year. These meetings occur approximately one month after the release of our earnings for the immediately preceding year. Annual equity awards are granted on the third business day after the filing of the Company’s Annual Report on Form 10-K based on grant values approved by the Human Capital Management and Compensation Committee at its February meeting. On limited occasions, grants may occur on an interim basis, primarily for the purpose of approving a compensation package for a newly hired or promoted executive officer. These grants are made on the second Friday of the second month of the quarter after the hire or promotion date; provided, however, that if the date of hire or promotion would fall within a Company imposed blackout period, the grant date will be the first business day following such blackout period. The timing of these grants is driven solely by the activity related to the need for hiring or promotion, not our stock price or the timing of any release of Company information.
Award Timing Predetermined true
Award Timing MNPI Considered true
Award Timing, How MNPI Considered Equity award grant values are determined in February at a regularly scheduled meeting of the Human Capital Management and Compensation Committee, and generally further grants are not made for the remainder of the year. These meetings occur approximately one month after the release of our earnings for the immediately preceding year. Annual equity awards are granted on the third business day after the filing of the Company’s Annual Report on Form 10-K based on grant values approved by the Human Capital Management and Compensation Committee at its February meeting. On limited occasions, grants may occur on an interim basis, primarily for the purpose of approving a compensation package for a newly hired or promoted executive officer. These grants are made on the second Friday of the second month of the quarter after the hire or promotion date; provided, however, that if the date of hire or promotion would fall within a Company imposed blackout period, the grant date will be the first business day following such blackout period. The timing of these grants is driven solely by the activity related to the need for hiring or promotion, not our stock price or the timing of any release of Company information.
MNPI Disclosure Timed for Compensation Value false
v3.25.4
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true