Hagerty Chancey E. 4
Research Summary
AI-generated summary
PPG Sr. VP Chancey E. Hagerty Receives Award, Sells 478 Shares
What Happened
- Chancey E. Hagerty, Senior Vice President, Automotive Refinish Coatings at PPG Industries, received 1,830 shares as the settlement of a 2023 restricted stock unit (RSU) performance award (transaction code A, $0.00 per share).
- To cover tax withholding on the award (transaction code F), 478 shares were disposed at $128.25 per share, producing $61,304.
Key Details
- Transaction date: February 18, 2026; Filing date: February 20, 2026.
- Awarded/acquired: 1,830 shares at $0.00 (RSU settlement).
- Withheld/sold for taxes: 478 shares at $128.25 = $61,304.
- Footnote F1: Settlement of 2023 restricted stock unit performance award.
- Footnote F2: References total shares held in the reporting person’s PPG Employee Savings Plan as of Feb 18, 2026 (amount not specified in this filing).
- Transaction codes: A = award/grant; F = payment of exercise price or tax liability (i.e., shares withheld/sold to cover taxes).
- No indication in this filing that the transaction was part of an open-market trading decision; the disposal is a routine tax-withholding event.
Context
- This was a vesting/settlement of RSUs with shares withheld/sold to satisfy tax obligations — a common administrative event that does not necessarily indicate a bullish or bearish view by the insider. It differs from an open-market sale or purchase since shares were surrendered to cover taxes.