Hagerty Chancey E. 4
4 · PPG INDUSTRIES INC · Filed Jun 15, 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), received a grant of 0.981 derivative units (phantom shares) on June 12, 2026. The units were recorded at an underlying price of $119.34 per share for a reported value of approximately $117. This was an award/grant (code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-12; Form 4 filed: 2026-06-15 (3 calendar days later).
- Grant details: 0.981 derivative units credited at $119.34 per share; reported total value ≈ $117.
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- F1: Each derivative unit converts to one common share on a one-for-one basis.
- F2: Conversion to common stock occurs after termination of employment.
- F3: Units are “phantom stock” in PPG’s Deferred Compensation Plan—an unfunded unitized stock fund whose unit counts/value can change with the company’s stock price and cash in the fund.
- Filing timeliness: Form shows transaction date and filing date; whether this meets the SEC’s 2-business-day Form 4 deadline depends on business-day counting.
Context This was an awarded derivative interest (phantom stock unit) tied to PPG’s deferred compensation plan. Such grants are routine compensation and do not represent an open-market purchase or sale; the units typically convert to actual shares (per footnotes) only after employment termination. The dollar value reported here is small and reflects the fractional unit granted rather than a market trade.
Insider Transaction Report
- Award
Phamtom Stock Units
[F1][F2][F3]2026-06-12$119.34/sh+0.981$117→ 190.351 total→ Common Stock (0.981 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.