Hagerty Chancey E. 4

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.