A global maker of paints and coatings, supplying decorative paints (with brands like COMEX and TIKKURILA), automotive and aerospace finishes, and specialty products such as TESLIN substrate, used by contractors, automakers, and manufacturers. Founded in 1883 as the Pittsburgh Plate Glass Company, it became the first commercially successful U.S. plate-glass producer. Its Pittsburgh headquarters, PPG Place, is a glittering glass complex built to reflect the company's glassmaking roots.
PPG appoints Jamie A. Beggs as CFO, effective July 6, 2026, succeeding Vincent J. Morales.
Beggs previously served as CFO of Avient Corporation since August 2020 and is a board member of International Paper Company.
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Jamie A. Beggs will join PPG as Senior Vice President and Chief Financial Officer, effective July 6, 2026.
Vincent J. Morales will retire on July 6, 2026, after a 41-year career with PPG.
Her compensation includes an $800,000 base salary, a $350,000 signing bonus, and RSUs valued at $3,200,000 vesting over three years.
Beggs will report to CEO Timothy M. Knavish and join PPG's executive and operating committees.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
PPG reports Q1 2026 net sales of $3.9 billion, up 7%, and reaffirms full-year EPS guidance
First quarter 2026 net sales were $3.9 billion, an increase of 7% versus the prior year, with organic sales up 1% driven by higher selling prices.
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Reported EPS from continuing operations was $1.70, and adjusted EPS was $1.83, up 6% year over year.
Segment margin was 16% and segment EBITDA margin was 19% for the quarter.
The company repurchased about $100 million of shares in the quarter.
PPG reaffirmed full-year 2026 EPS guidance of $7.70 to $8.10 and expects second quarter organic sales and adjusted EPS to be flat to up low single-digit percentage.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
PPG grants performance-based MSUs to executives Bergstrom and Braun; shareholders elect 12 directors.
On April 15, 2026, PPG's compensation committee approved performance-based Market Stock Unit (MSU) awards to executive officers K. Henrik Bergstrom and Kevin Braun, each with a target value of $1,500,000.
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The MSUs convert to a target number of shares on May 8, 2026, based on the 30-day average closing price, and vest on May 8, 2029, with payouts ranging from 0% to 200% depending on stock price performance and achievement of an adjusted EPS goal.
Chairman and CEO Timothy Knavish and retiring CFO Vincent Morales did not receive MSU awards.
At the April 16, 2026 annual meeting, shareholders elected all 12 director nominees, approved executive compensation on an advisory basis, ratified PricewaterhouseCoopers as auditor, and approved the 2026 Omnibus Incentive Plan.
A shareholder proposal requiring an independent board chair was not approved.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
PPG elects Todd M. Schneider, Cintas CEO, to board of directors effective Jan. 14, 2026.
Schneider will serve in the class of directors whose term expires at the 2026 Annual Meeting of Shareholders.
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On December 11, 2025, PPG Industries' Board of Directors elected Todd M. Schneider as a director, effective January 14, 2026.
He was appointed to the Nominating and Governance Committee and the Sustainability and Innovation Committee.
As an independent director, he will receive compensation consistent with other independent directors as described in PPG's proxy statement filed March 6, 2025.
Schneider is President and CEO of Cintas Corporation; PPG's transactions with Cintas were less than one percent of each company's consolidated gross revenues.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
PPG CFO Vince Morales to retire July 1, 2026; successor search underway.
Vincent J. Morales, Senior Vice President and Chief Financial Officer, announced his retirement from PPG effective July 1, 2026.
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Morales has served as CFO since 2017 and is a 40-plus-year PPG veteran.
His previously awarded stock options, restricted stock units, and total shareholder return contingent shares will vest per their terms.
A global internal and external search for a successor is underway as part of a planned succession process.
Morales will remain on the executive leadership team through July 2026 to ensure a smooth transition.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits