Hagerty Chancey E. 4
4 · PPG INDUSTRIES INC · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
- Award
Phamtom Stock Units
[F1][F2][F3]2026-05-15$102.64/sh+0.256$26→ 189.45 total→ Common Stock (0.256 underlying)
Footnotes (3)
- [F1]The security converts to common stock on a one-for-one basis.
- [F2]After termination of employment with PPG.
- [F3]Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan. Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund.