Item 5.02 Departure of Directors or Certain Officers; Election
of Directors;
Appointment of Certain Officers; Compensatory
Arrangements of Certain
Officers. OnDecember 9, 2021 ,Timothy M. Knavish was appointed Chief Operating Officer ofPPG Industries, Inc. (the "Company") effectiveMarch 1, 2022 .Mr. Knavish will have executive oversight responsibility for all of the Company's strategic business units and operating regions and for the information technology, environment, health and safety, and procurement functions. OnDecember 15, 2021 , the Company issued a press release announcingMr. Knavish's appointment. A copy of this press release is attached hereto as Exhibit 99 and incorporated herein by reference. In connection withMr. Knavish's appointment and change in corporate responsibilities, effectiveMarch 1, 2022 ,Mr. Knavish's monthly salary will be increased to$75,000 , and he will be eligible for a prorated target cash bonus under the Company's Incentive Compensation Plan of$990,000 . OnFebruary 16, 2022 ,Mr. Knavish will receive a grant under the Amended and Restated Omnibus Incentive Plan comprised equally of stock options, restricted stock units and total shareholder return contingent shares with an aggregate value of$2,800,000 at the time of the grant.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit Number Description 99 Press release ofPPG Industries, Inc. datedDecember 15, 2021 104 Cover Page Interactive Data File (embedded
within the Inline XBRL document).
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