Hagerty Chancey E. 4

What Happened

• Chancey E. Hagerty, Senior Vice President, Automotive Refinish Coatings at PPG Industries, exercised 2,250 option shares at a $95.00 strike (cost $213,750) and immediately sold 2,250 common shares in an open-market sale at $115.59 each (proceeds $260,078) on January 29, 2026. The transactions produced a gross difference of approximately $46,328. The filing also shows the derivative (the exercised options) removed/disposed as part of the exercise.

Key Details

• Transaction date: January 29, 2026
• Exercise: 2,250 shares at $95.00 = $213,750 (code M)
• Sale: 2,250 shares at $115.59 = $260,078 (code S)
• Net proceeds minus exercise cost: ~ $46,328
• Derivative disposition: 2,250 options marked disposed at $0, reflecting conversion/exercise of the derivative
• Shares owned after transaction: not specified in the provided excerpt; footnote F1 notes the filing reports total shares held in the reporter’s PPG Employee Savings Plan as of Jan 29, 2026 (amount not shown here)
• Filing timeliness: Form 4 was filed Feb 2, 2026 for a Jan 29 transaction — within the typical two-business-day reporting window (timely)

Context

• This is an option exercise followed by an immediate open-market sale (common “exercise-and-sell” or cashless practice to cover strike cost and taxes). Such sales are routine and do not by themselves indicate a change in an insider’s long-term view of the company. The filing is informational and does not state the insider’s motives.