Hagerty Chancey E. 4
Research Summary
AI-generated summary
PPG (PPG) Sr. VP Chancey E. Hagerty Receives Award
What Happened
Chancey E. Hagerty, Senior Vice President, Automotive Refinish Coatings at PPG Industries, received an award of 1.799 derivative shares (phantom stock units) on 2026-03-12. The units were recorded at $100.73 per share for a total reported value of $181. This was an award/grant (not an open-market purchase or sale).
Key Details
- Transaction date and filing: transaction reported for 2026-03-12; Form 4 filed 2026-03-13 (timely).
- Amount and price: 1.799 derivative shares at $100.73 each; total value $181.
- Shares owned after transaction: not specified in the provided filing.
- Footnotes of note:
- F1: the derivative security converts to common stock on a one-for-one basis.
- F2: indicates settlement/rights related to these units may occur after termination of employment.
- F3: units are phantom stock units held in PPG’s Deferred Compensation Plan; their attributed share count/value can change with the fund’s fair market value.
- Filing status: no late filing indicated.
Context: This was a grant of phantom/deferred-compensation units, not a market buy or sale. Phantom units represent a claim on a stock/cash fund and may convert to common shares one-for-one (per F1) or be settled in cash; such awards are routine compensation and do not directly indicate insider buying or selling intent.