PPG Sr. VP Chancey E. Hagerty Receives Award of 0.256 Shares

What Happened

Chancey E. Hagerty, Senior Vice President, Automotive Refinish Coatings at PPG Industries, received a grant/award of 0.256 derivative shares on 2026-05-15. The award is reported at a per-share value of $102.64, for a total reported value of approximately $26. This was an award (derivative interest), not an open-market purchase or sale.

Key Details

• Transaction date and filing: transaction dated 2026-05-15; Form 4 filed 2026-05-18 (filed within the typical SEC Form 4 deadline).
• Transaction type: A = Award/Grant (derivative security).
• Amount: 0.256 shares at $102.64 per share; total reported value ≈ $26.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • F1 — the reported security converts to common stock on a one-for-one basis.
  • F2 — notes conversion/settlement occurs after termination of employment.
  • F3 — these are phantom stock units under PPG’s Deferred Compensation Plan (unfunded units representing interests in a stock/cash fund; unit counts/value can change with the company’s stock price and fund cash).
• No indication of a 10b5-1 plan, sale, or tax-withholding share-for-fee in this report.

Context

This was a small-value derivative award recorded in PPG’s deferred compensation/phantom stock plan. Derivative awards and phantom units often pay out or convert under plan rules (here, apparently on a one-for-one basis and tied to termination per footnote), and do not necessarily reflect an immediate buy or sell decision by the insider.