Hagerty Chancey E. 4

What Happened

• Chancey E. Hagerty, Senior Vice President, Automotive Refinish Coatings at PPG Industries (PPG), was granted 0.244 shares (derivative/phantom units) on Feb 27, 2026. The award is reported at a per-share value of $123.27, for a total reported value of $30. This was an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date and filing: transaction reported for 2026-02-27; Form 4 filed 2026-03-02.
• Instrument and value: 0.244 derivative shares × $123.27 = $30 (reported as a derivative award).
• Shares owned after transaction: not specified in the filing.
• Footnotes of note:
  • F1: The derivative security converts to common stock on a one-for-one basis.
  • F3: These are phantom stock units in PPG’s Deferred Compensation Plan (unfunded unitized stock fund; unit counts/value may change with stock price and cash in the fund).
  • F2: Indicates conversion/settlement may occur after termination of employment.
• Filing timeliness: Form 4 filed Mar 2, 2026; the filing does not indicate a late-reporting flag.

Context

• This was an award of phantom stock units (a deferred compensation instrument), not a cash purchase — such awards are routine compensation and do not directly signal buying or selling intent. Phantom units track the value of PPG stock and may convert or settle later per plan terms, so the economic exposure and timing can differ from immediate stock purchases.