PPG Sr. VP Chancey Hagerty Receives Phantom Stock Award

What Happened
Hagerty Chancey E., Senior Vice President, Automotive Refinish Coatings at PPG Industries, received a derivative award on 2026-03-31: 0.058 phantom shares credited at $106.88 each, with a reported total value of approximately $6. This filing reflects an award/grant (code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-03-31; 0.058 units at $106.88 per share (reported value ≈ $6).
• Transaction type: Award/Grant of derivative security (phantom stock unit) — code A.
• 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/related terms may apply after termination of employment.
  • F3: Phantom stock units are held in PPG’s Deferred Compensation Plan and reflect interests in a unitized stock/cash fund; the credited share amount may fluctuate with the fund’s fair market value and cash balance.
• Filing timeliness: Reported on 2026-04-01 for a 2026-03-31 transaction; the filing does not indicate a late report.

Context
This was a small deferred-compensation award (phantom stock unit), not a cash purchase or sale. Phantom units track the value of company stock and typically convert or pay out under plan terms (sometimes upon separation), so this award alone is not a strong market signal.