Hagerty Chancey E. 4
4 · PPG INDUSTRIES INC · Filed Jun 1, 2026
Research Summary
AI-generated summary of this filing
PPG Sr. VP Chancey E. Hagerty Receives Phantom Stock Award
What Happened
Chancey E. Hagerty, Senior Vice President, Automotive Refinish Coatings at PPG Industries (PPG), was granted a derivative award on 2026-05-29: 0.133 phantom stock units valued at $112.98 per share, totaling approximately $15. This transaction is recorded as an award/acquisition (code A) of a derivative interest rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-29; Form 4 filed: 2026-06-01 (appears timely under the 2-business-day rule).
- Instrument: Derivative/phantom stock units (award). Price used for value: $112.98 per share. Total reported value: ~$15.
- Shares owned after transaction: Not specified on the face of this filing; footnote F3 describes the reporting of total phantom units in the Deferred Compensation Plan.
- Footnotes of note:
- F1: The security converts to common stock on a one-for-one basis.
- F2: Conversion/payment occurs after termination of employment.
- F3: Phantom stock units are interests in an unfunded unitized stock fund (mix of stock and cash); the number and attributed value may change with the fund’s fair market value.
Context
- This was a phantom stock award (deferred compensation), not an immediate stock purchase or sale. Phantom units typically provide economic exposure to company stock and may convert or be payable later (here, after employment ends), so they do not necessarily signal a near-term purchase or sale intent.
Insider Transaction Report
Form 4
Hagerty Chancey E.
Sr. VP, Auto. Refinish Ctgs.
Transactions
- Award
Phamtom Stock Units
[F1][F2][F3]2026-05-29$112.98/sh+0.133$15→ 189.37 total→ Common Stock (0.133 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.
Signature
/s/ Greg E. Gordon, Attorney-in-Fact for Chancey E. Hagerty|2026-06-01