Hagerty Chancey E. 4

What Happened

• Chancey E. Hagerty, Senior Vice President, Automotive Refinish Coatings at PPG Industries, received an award of 0.146 phantom shares on 2026-06-30. The reported per-share value was $121.29, giving a total reported value of about $18. This was an award/derivative grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-06-30 at $121.29 per share (0.146 shares; total ≈ $18).
• Transaction type: Award/grant of derivative phantom stock units (code A).
• Conversion: Footnote indicates the security converts to PPG common stock on a one-for-one basis (F1).
• Deferred/payable terms: Footnotes indicate these are phantom stock units in PPG’s Deferred Compensation Plan and may be payable/convertible after termination of employment (F2, F3). The units represent interests in an unfunded unitized stock fund; their attributed share count/value can change with the stock price and fund cash (F3).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Form filed 2026-07-01 for the 2026-06-30 transaction — filed the next business day and appears timely.

Context

• This was a compensation award (phantom stock units) rather than a market buy or sale; such awards are generally part of executive pay and do not by themselves indicate immediate buying/selling sentiment.
• Phantom stock units are derivatives representing economic exposure to the company’s stock; they may convert to common shares or cash per plan terms, often upon vesting or separation from service.