Hagerty Chancey E. 4

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.