PPG Industries (PPG) Proxy filing summary

Executive summary

• Achieved 2% organic sales growth in 2025, outperforming competitors with declining sales.

• Portfolio optimization initiatives led to higher-margin growth and stronger cash flow.

• Total shareholder returns exceeded peers over the past year and into 2026, supported by gains in Auto OEM, Packaging, and strong Aerospace backlogs.

• Maintained a disciplined capital allocation strategy, including 54 consecutive years of dividend increases and ongoing share repurchases.

Voting matters and shareholder proposals

• Board recommends voting FOR election of 12 director nominees, say-on-pay, auditor ratification, and the 2026 Omnibus Incentive Plan.

• Board recommends voting AGAINST a shareholder proposal requiring an independent Board chair.

Board of directors and corporate governance

• Board emphasizes independent oversight, with a strong Lead Director and regular review of governance policies.

• Board leadership structure is flexible, with annual reassessment and recent successful leadership transition.

• Board declassified, supermajority voting eliminated, and shareholders gained the right to call special meetings.

• Board refreshment ongoing: 9 of 12 directors added since 2017, 2 new independent directors since 2025, average tenure 4.8 years.