Hagerty Chancey E. 4
4 · PPG INDUSTRIES INC · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
PPG Sr. VP Chancey E. Hagerty Receives Phantom Stock Award
What Happened Chancey E. Hagerty, Senior Vice President, Automotive Refinish Coatings at PPG Industries (PPG), received a grant of 0.121 phantom stock units on January 30, 2026. The units are reported at an effective price of $115.63 per share, giving a reported value of approximately $14. This was an award/grant (derivative interest), not an open-market purchase or sale.
Key Details
- Transaction type: Grant / award of derivative units (code A).
- Date and price: 2026-01-30; 0.121 units at $115.63 each (total ≈ $14).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing timeliness: No late-filing indication in the provided data.
- Footnotes of note:
- F1: Security converts to common stock on a one-for-one basis.
- F3: Units are phantom stock units in PPG’s Deferred Compensation Plan (an unfunded unitized fund of stock and cash; unit balance can change with stock price and fund cash).
- F2 indicates conversion/payment may occur after termination of employment (per footnote text).
Context This is a small-value award of phantom/deferred-compensation units. Phantom stock units are derivative interests that track the company’s stock value and typically settle in stock and/or cash per the plan terms — they do not represent an immediate open-market purchase or sale and therefore are not a direct bullish or bearish trading signal.
Insider Transaction Report
- Award
Phamtom Stock Units
[F1][F2][F3]2026-01-30$115.63/sh+0.121$14→ 186.833 total→ Common Stock (0.121 underlying)
Footnotes (3)
- [F1]The security converts to common stock on a one-for-one basis.
- [F2]After termination of employment with PPG.
- [F3]Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan. Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund.