V
Velarion™Intelligence
Sign InFree TrialBook a Walkthrough

PPG Industries Executive Compensation (FY25)

PPG · Pittsburgh, PA · Executive and director compensation, fiscal 2022 to 2025

The paid brief on PPG Industries

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Data as of September 7, 2026Latest filing (8-K): April 21, 2026
10 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
PPG Industries brief$1,500Get the executive brief
390 figures on this page: 384 cited to the filing that reported them, 6 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Timothy Knavish
Latest say-on-pay support
=
April 16, 2026
Chief executive pay ratio
◇
To the median employee

More on PPG Industries

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Timothy Knavish: $11,724,469 → $14,885,022 (27.0% higher)
Say-on-pay support: 93.3% → 93.9% (0.6 points higher)
CEO pay ratio: 191:1 → 352:1 (84.3% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is PPG Industries' chief executive and what were they paid?
Timothy Knavish was paid $14,885,022 in total compensation as Chairman and Chief Executive Officer for fiscal 2025. Compared with the $11,724,469 reported for fiscal 2024, Knavish's total was 27.0% higher.
What was PPG Industries' say-on-pay result?
Shareholders supported the say-on-pay proposal with 93.9% of votes cast for or against in favor at the meeting held April 16, 2026 for fiscal 2025.
Which companies are in PPG Industries' peer group?
Companies named in the disclosed peer group include 3M Company, Air Products and Chemicals, Inc., Celanese Corporation, Dow, Inc. and DuPont de Nemours, Inc., among others. The Pay Versus Performance Peer Group includes Akzo Nobel N.V., Axalta Coatings Systems Ltd., Masco Corp. and RPM International Inc.
What is PPG Industries' chief executive pay ratio?
The company reported a chief executive pay ratio of 352:1 for fiscal 2025, against median employee compensation of $42,287.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Timothy M. Knavish
Chairman and Chief Executive Officer
◇—◇◇◇◇◇◇†
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Timothy M. Knavish
Chairman and Chief Executive Officer
◇—◇◇◇◇◇◇
Michael H. McGarry
Executive Chairman
Departed during or after this year
◇—◇—◇◇◇◇
Vincent J. Morales
Senior Vice President and Chief Financial Officer Senior Vice President and Chief Financial Officer
◇—◇◇◇◇◇◇
Anne Foulkes
Senior Vice President and General Counsel
◇—◇◇◇◇◇◇
Ramaprasad Vadlamannati
Former Senior Vice President, Operations Former Senior Vice President, Operations
Departed during or after this year
◇◇◇◇◇——◇
Amy Ericson
Senior Vice President, Protective and Marine Coatings
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Timothy M. Knavish
Chairman and Chief Executive Officer
◇—◇◇◇◇◇◇
Vincent J. Morales
Senior Vice President and Chief Financial Officer Senior Vice President and Chief Financial Officer
◇—◇◇◇◇◇◇
Ramaprasad Vadlamannati
Former Senior Vice President, Operations
Departed during or after this year
◇—◇◇◇—◇◇
Anne Foulkes
Senior Vice President and General Counsel
◇—◇◇◇◇◇◇
Karl Henrik Bergstrom
Senior Vice President Architectural Coatings, Latin America, EMEA and Asia Pacific
◇—◇◇◇—◇◇
Chancey Hagerty
Senior Vice President, Automotive Refinish Coatings Senior Vice President, Automotive Refinish Coatings
◇—◇◇◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Timothy Knavish
Chairman and Chief Executive Officer
◇—◇◇◇◇◇◇
Vincent Morales
Senior Vice President and Chief Financial Officer
◇—◇◇◇◇◇◇
Anne Foulkes
Senior Vice President Legal and Special Projects; served as Senior Vice President and General Counsel during 2025
◇—◇◇◇◇◇◇
K. Henrik Bergström
Senior Vice President, Global Architectural Coatings
◇—◇◇◇—◇◇
Kevin Braun
Senior Vice President, Operations
◇—◇◇◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Anne FoulkesPSU_TSR◇◇◇◇◇—◇
Anne FoulkesOPTION◇——◇—◇◇
Anne FoulkesPSU◇◇◇◇◇—◇
K. Henrik BergströmOPTION◇——◇—◇◇
K. Henrik BergströmPSU◇◇◇◇◇—◇
K. Henrik BergströmPSU_TSR◇◇◇◇◇—◇
Kevin BraunPSU◇◇◇◇◇—◇
Kevin BraunOPTION◇——◇—◇◇
Kevin BraunPSU_TSR◇◇◇◇◇—◇
Timothy KnavishPSU◇◇◇◇◇—◇
Timothy KnavishOPTION◇——◇—◇◇
Timothy KnavishPSU_TSR◇◇◇◇◇—◇
Vincent MoralesPSU_TSR◇◇◇◇◇—◇
Vincent MoralesPSU◇◇◇◇◇—◇
Vincent MoralesOPTION◇——◇—◇◇
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Anne FoulkesPSU◇◇——
Option◇—◇16-Feb-31
Option◇—◇18-Feb-30
PSU◇◇——
Option◇—◇14-Feb-33
PSU◇◇——
PSU◇◇——
Option◇—◇15-Feb-32
Option◇—◇20-Feb-34
Option◇—◇24-Feb-35
Timothy KnavishOption◇—◇18-Feb-30
Option◇—◇16-Feb-31
Option◇—◇20-Feb-34
Option◇—◇24-Feb-35
Option◇—◇31-Dec-32
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇19-Feb-29
Option◇—◇15-Feb-32
Kevin BraunPSU◇◇——
Option◇—◇19-Feb-29
Option◇—◇15-Feb-32
Option◇—◇14-Feb-33
PSU◇◇——
PSU◇◇——
Option◇—◇18-Feb-30
Option◇—◇20-Feb-34
PSU◇◇——
Option◇—◇16-Feb-31
Option◇—◇24-Feb-35
Vincent MoralesOption◇—◇15-Feb-32
Option◇—◇16-Feb-31
Option◇—◇14-Feb-27
PSU◇◇——
Option◇—◇16-Feb-26
Option◇—◇24-Feb-35
PSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇19-Feb-29
Option◇—◇18-Feb-30
Option◇—◇14-Feb-33
Option◇—◇20-Feb-34
Option◇—◇13-Feb-28
K. Henrik BergströmOption◇—◇24-Feb-35
Option◇—◇20-Feb-34
PSU◇◇——
PSU◇◇——
Option◇—◇16-Feb-31
Option◇—◇15-Feb-32
PSU◇◇——
Option◇—◇19-Feb-29
Option◇—◇18-Feb-30
PSU◇◇——
PSU◇◇——
Option◇—◇14-Feb-33
Option◇—◇16-Apr-27
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael W. Lamach
Lead independent director
◇◇———◇◇
Gary R. Heminger
◇◇———◇◇
Catherine R. Smith
◇◇————◇
Melanie L. Healey
◇◇————◇
Guillermo Novo
◇◇————◇
Kathy L. Fortmann
◇◇———◇◇
Christopher N. Roberts III
◇◇————◇
Michael T. Nally
◇◇————◇
Kathleen A. Ligocki
◇◇————◇
Leon J. Topalian
◇◇————◇
Martin H. Richenhagen
◇—————◇
Todd M. Schneider and Timothy M. Knavish served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as TBRSUs (time-based restricted stock units).
Stock ownership guideline: 5x cash portion of annual retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • 3M Company MMM
  • Air Products and Chemicals, Inc. APD
  • Celanese Corporation CE
  • Dow, Inc. DOW
  • DuPont de Nemours, Inc. DD
  • Eastman Chemical Company EMN
  • Eaton Corporation plc ETN
  • Ecolab Inc. ECL
  • Emerson Electric Co. EMR
  • Honeywell International Inc. HON
  • Howmet Aerospace Inc. HWM
  • Illinois Tool Works Inc. ITW
  • International Paper Company IP
  • Johnson Controls International Plc JCI
  • LyondellBasell Industries N.V. LYB
  • Parker-Hannifin Corporation PH
  • Rockwell Automation, Inc. ROK
  • Stanley Black & Decker, Inc. SWK
  • Textron Inc. TXT
  • The Sherwin-Williams Company SHW
  • Trane Technologies Plc TT
Pay Versus Performance Peer Group
  • Akzo Nobel N.V. symbol not shown
  • Axalta Coatings Systems Ltd. AXTA
  • Masco Corp. MAS
  • RPM International Inc. RPM
Additional disclosed peer group
  • Linde Plc LIN

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 16, 2026=◇◇◇
2024April 17, 2025=◇◇◇
2023April 19, 2024=◇◇◇
2022April 21, 2023=◇◇◇
2021April 21, 2022=◇◇◇
2020April 15, 2021=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
Email me this page as a cited PDF
The same figures, the same citations, formatted to hand to a committee. Nothing is added that is not on this page.
Your address is used for this and nothing else. Unsubscribe in one click.
Tell me when PPG Industries files
You get a note when this company’s compensation data changes.
Your address is used for this and nothing else. Unsubscribe in one click.

What this page does not include

Everything above is a fact PPG Industries disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where PPG Industries sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about access
Multiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion Intelligence
Join the list for a Velarion Pro seat
Full platform access for one person: every industry we cover, peer positioning, and the written analysis. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.
Join the list for Peer Group Review
Whether PPG Industries' disclosed peer group is defensible, who names PPG Industries back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.

Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
390 figures on this page: 384 cited to the filing that reported them, 6 calculated from figures it prints.
384 cited to the filing
6 calculated from the filing

Documents cited

  1. 0000079879-26-000149
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000079879-26-000088
    ALL OTHER COMPENSATION ( · CEO Pay Ratio · Compensation of Directors · Grants of Plan-Based Awards · and 2 more sections
  3. 0000079879-25-000127
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001558370-25-002350
    Summary Compensation Table (2022-2024)
  5. 0000079879-24-000112
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001558370-24-002695
    Summary Compensation Table (2021-2023)
  7. 0000079879-23-000028
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001558370-23-003276
  9. 0000079879-22-000027
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000079879-21-000026
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “PPG Industries executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/PPG (accessed 2026).
Short form: data: Velarion

The paid brief for PPG Industries

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
10 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about PPG Industries and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Setup guide and the full list of questions it answers

Peers PPG Industries discloses

The companies named in PPG's own disclosed peer group.

3M CompanyAir Products and Chemicals, Inc.Celanese CorporationDow, Inc.DuPont de Nemours, Inc.Eastman Chemical CompanyEaton Corporation plcEcolab Inc.Emerson Electric Co.Honeywell International Inc.Howmet Aerospace Inc.Illinois Tool Works Inc.International Paper CompanyJohnson Controls International PlcLyondellBasell Industries N.V.Parker-Hannifin CorporationRockwell Automation, Inc.Stanley Black & Decker, Inc.Textron Inc.The Sherwin-Williams CompanyTrane Technologies PlcAxalta Coatings Systems Ltd.Masco Corp.RPM International Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  All companies · The Pay Desk · Methodology · Terms · Privacy