Hagerty Chancey E. 4

What Happened
Chancey E. Hagerty, Senior Vice President, Automotive Refinish Coatings at PPG Industries (PPG), received an award of 0.107 derivative shares (phantom stock units) on February 13, 2026. The filing lists a per-share value of $131.34, making the award worth roughly $14. This is an award (not a market purchase or sale) granted under PPG’s deferred compensation/phantom stock plan.

Key Details

• Transaction type: Award/Grant of derivative shares (code A).
• Transaction date: 2026-02-13; Filing date: 2026-02-18 (5 calendar days later; appears to be after the typical 2-business-day Form 4 deadline).
• Amount/price/value: 0.107 shares × $131.34 = ~$14 total.
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • F1: The security converts to common stock on a one-for-one basis.
  • F2: Conversion may occur after termination of employment.
  • F3: These are phantom stock units held in PPG’s Deferred Compensation Plan; they represent interests in an unfunded unitized stock/cash fund and their attributed share count can change with the stock’s fair market value and fund cash.
• Insider status: Executive (not a 10% owner).

Context
This was an award of phantom/deferred stock units (a compensation/benefit grant), not an open-market buy or sell — such awards are common and generally part of executive compensation. Because these are derivative phantom units (not immediately tradable shares), they should be viewed as compensation accounting rather than a direct market signal. The filing was submitted several days after the transaction date, which appears to fall outside the usual 2-business-day Form 4 filing window.