Hagerty Chancey E. 4

What Happened

• Chancey E. Hagerty, Senior Vice President, Automotive Refinish Coatings at PPG Industries, was granted 0.191 shares (reported as a derivative award) on April 30, 2026. The filing values the award at $108.50 per share, for a total reported value of approximately $21. This was an award/acquisition (code A), not a sale.

Key Details

• Transaction date: 2026-04-30; Filing date (Form 4): 2026-05-01 (filed promptly).
• Price used for valuation: $108.50 per share; total value ≈ $21.
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes of note:
  • F1: The derivative/security converts to common stock on a one-for-one basis.
  • F2: Distribution occurs after termination of employment with PPG.
  • F3: The award represents phantom stock units in PPG’s Deferred Compensation Plan (an unfunded, unitized stock/cash fund whose credited units can change with stock value).
• Filing timeliness: Filed the next day after the reported transaction date and appears timely under Form 4 rules.

Context

• This was a small-value phantom stock unit award credited to a deferred compensation plan, not an open-market purchase. Phantom units reflect a bookkeeping interest tied to company stock and cash; they typically convert to shares or cash per plan terms and, per the footnotes, are payable after employment ends. Such awards are routine components of executive compensation and do not by themselves indicate the insider’s view on the company’s stock.