PPG Sr. VP Chancey E. Hagerty Receives Award (0.09 Shares)

What Happened

• Chancey E. Hagerty, Senior Vice President, Automotive Refinish Coatings at PPG Industries (PPG), received an award of 0.09 derivative shares on 2026-06-15. The unit price reported was $121.53, giving an implied value of about $11. The transaction is reported as an award/grant (code A) and is a derivative (phantom stock unit), not an open-market purchase.

Key Details

• Transaction date: 2026-06-15; Form 4 filed: 2026-06-16 (timely).
• Transaction type: Award/Grant (A) of 0.09 derivative shares @ $121.53; total value ≈ $11.
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • F1: The security converts to common stock on a one-for-one basis.
  • F2: Notes conversion/vesting may occur after termination of employment.
  • F3: These are phantom stock units in PPG’s Deferred Compensation Plan (units represent interests in an unfunded stock/cash fund; unit counts can change with stock price and plan cash).
• No indication of a sale or immediate disposition; this was an award/grant.

Context

• This was a small-value derivative award (phantom stock unit) typical of deferred compensation plans and does not represent a market purchase. Such awards are generally administrative/compensation-related and should not be interpreted as direct buying or selling of stock by the insider.