Timothy M. Knavish

Board

Since October 1, 2023

Age

59 years

Tenure

Joined PPG in 1987 and has since advanced through numerous leadership roles including Vice President, Senior Vice President across several segments, Executive Vice President, Chief Operating Officer, President and CEO, and currently serves as Chairman and CEO.

Also at PPG INDUSTRIES

ARE

Amy R. Ericson

Senior Vice President, Protective and Marine Coatings

CEH

Chancey E. Hagerty

Senior Vice President, Automotive Refinish Coatings

KDB

Kevin D. Braun

Senior Vice President, Operations

About

Timothy M. Knavish is a seasoned executive who is 59 years old as of February 2025. He began his tenure at PPG in 1987, demonstrating a longstanding commitment and deep knowledge of the industry.

Throughout his career at PPG, he has consistently taken on increasing responsibilities, holding roles such as Vice President for Automotive and Protective & Marine Coatings, Senior Vice President in varied segments, Executive Vice President, and Chief Operating Officer. His career path culminated in his appointment as President and CEO in January 2023, followed by his current role as Chairman and CEO starting on October 1, 2023.

In his leadership roles, he has been pivotal in shaping strategic initiatives, driving acquisition strategies, and enhancing digital and sales capabilities across worldwide markets. His extensive experience in both operational and strategic leadership underscores a commitment to innovation and growth at PPG, and his contributions extend to serving as a director at Rockwell Automation, Inc..

$PPG Performance Under Timothy M. Knavish

Past Roles

Organization	Role	Date Range	Details
PPG Industries	President and Chief Executive Officer	January 1, 2023 - October 1, 2023	N/A
PPG Industries	Chief Operating Officer	March 1, 2022 - December 31, 2022	N/A
PPG Industries	Executive Vice President	October 2019 - February 2022	N/A
PPG Industries	Senior Vice President, Architectural Coatings and President, PPG Europe, Middle East and Africa	January 2019 - September 2019	N/A
PPG Industries	Senior Vice President, Industrial Coatings	October 2017 - December 2018	N/A
PPG Industries	Senior Vice President, Automotive Coatings	March 2016 - September 2017	N/A
PPG Industries	Vice President, Protective and Marine Coatings	August 2012 - February 2016	N/A
PPG Industries	Vice President, Automotive Coatings, Americas	March 2010 - July 2012	N/A

External Roles

Organization	Role	Date Range
Rockwell Automation, Inc.	Director	N/A

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,200,000	Annual	Fixed annual base salary
Executive Deferred Compensation Contributions	$36,000	Annual	Part of deferred compensation plan
Registrant Company Contributions to Deferred Compensation Plan	$126,380	Annual	Company matching contributions

Performance Compensation

Data from FY 2023

Non-Equity Incentive Plan Compensation

Metric	Value
Payout as a Percentage of Target	184%
Grant Date	January 1, 2023 [N/A]
Grant Date Fair Value	$9,999,122 (if highest performance achieved)
Notes	No further details on performance thresholds or detailed metrics

Stock Awards

Performance-Based Restricted Stock Units (PBRSUs)

Metric	Value
Performance Period	2023 - 2025
Adjusted EPS Growth Payout Scale	<5%: 0%, 5%: 50%, 6%: 60%, 7%: 70%, 8%: 80%, 9%: 90%, ≥10%: 100%
Cash Flow Return on Capital Threshold	11%
Estimated Shares - Threshold	3,529 shares
Estimated Shares - Target	21,173 shares
Estimated Shares - Maximum	42,346 shares

Total Shareholder Return (TSR) Shares

Metric	Value
Performance Period	2023 - 2025
Relative TSR Percentile Payout	Below 30th: 0%, 30th: 50%, 50th (Target): 100%, 90th+: 200%
Estimated Shares - Threshold	9,942 shares
Estimated Shares - Target	19,883 shares
Estimated Shares - Maximum	39,766 shares
Vesting Schedule	Vest on December 31, 2025; Settlement in February 2026

Option Awards

Metric	Value
Grant Date	January 1, 2023
Number of Options Granted	67,115
Exercise Price	$125.75 per share
Grant Date Fair Value	$2,500,188
Vesting Schedule	Exercisable on January 1, 2026
Performance Tie	Not tied to specific performance metrics; designed to promote long-term stock appreciation