Ramaprasad Vadlamannati elected to retire as Senior Vice President, Operations, and stepped down from the post effective October 1, 2024, the company said. It described this as a previously reported matter.

1. 01

   Ramaprasad Vadlamannati elected to retire as Senior Vice President, Operations, and stepped down from the post effective October 1, 2024, the company said. It described this as a previously reported matter.

2. 02

   PPG entered into a Separation Agreement with Vadlamannati, the company said. He will remain actively employed through December 31, 2024, then be placed on unpaid leave of absence from January 1, 2025 through December 31, 2025.

3. 03

   Vadlamannati will receive a separation payment of $102,000 in 3 equal installments, the company said. It also said he will be eligible for an annual cash bonus for 2024 performance, payable in February 2025.

4. 04

   The company said Vadlamannati's previously awarded stock options, restricted stock units and total shareholder return contingent shares will vest in accordance with their terms. It also said it agreed to provide him with financial counseling services and specified tax preparation and tax consulting services.

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