The Sherman Williams paint you listed is a VOC paint. I had the same issue in the past, at Rutgers University in Newark some years back with one wall that was painted. The rest I skim coated with mud as the wall was tiled (just sanded, tack clothed, and applied). It went on great and stuck for a short period and then tunneled or, in some cases, the panel would start peeling itself off at the top. Found that it wouldn't stick long term to the VOC painti and that the heating vents at the ceiling were causing the panels to accelerate their adhesion time and loosen the grip of the vinyl to the wall