Hagerty Chancey E. 4

What Happened

• Chancey E. Hagerty, Senior Vice President, Automotive Refinish Coatings at PPG Industries (PPG), received an award of 0.104 shares (derivative/phantom stock) on 2026-03-13. The award is recorded at $101.89 per share for a total value of approximately $11.
• This was an award/grant (not an open-market purchase or sale). The filing classifies the instrument as a derivative (phantom stock unit) rather than immediate common-stock acquisition.

Key Details

• Transaction date and price: 2026-03-13 at $101.89 per share; total value ≈ $11.
• Transaction type: Award/Grant (derivative/phantom stock unit).
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: The phantom security converts to common stock on a one-for-one basis.
  • F2: Conversion/payment is tied to events after termination of employment.
  • F3: The units are part of PPG’s Deferred Compensation Plan (phantom stock units that track a unitized stock-and-cash fund and may change in number/value with fair market value).
• Filing timeliness: The Form 4 was filed on 2026-03-16 for the 2026-03-13 transaction; the filing does not indicate a late-report flag.

Context

• This transaction is a routine equity compensation award (phantom stock) under PPG’s deferred compensation plan, not a market buy or sell. Phantom units represent an unfunded interest that can convert to stock (or be paid in cash/stock per plan terms), and their value/units may fluctuate with the fund’s value. Such awards are part of compensation and do not by themselves indicate the insider’s market view.