Hagerty Chancey E. 4
4 · PPG INDUSTRIES INC · Filed Jul 16, 2026
Research Summary
AI-generated summary of this filing
PPG Sr. VP Chancey Hagerty Receives Award of 15 Shares
What Happened
Chancey E. Hagerty, Senior Vice President, Automotive Refinish Coatings at PPG Industries (PPG), was granted 15.238 phantom stock units on July 15, 2026. The units were recorded at $115.31 each, for a total reported value of about $1,757. This was an award/acquisition (derivative grant), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-07-15; Form 4 filed 2026-07-16 (timely).
- Transaction type/code: A — Grant/award (derivative instrument).
- Quantity and price: 15.238 units @ $115.31 each; total ≈ $1,757.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Notable footnotes:
- F1: Each unit converts to one share of common stock on a one-for-one basis.
- F2: Some conversion/rights may occur after termination of employment.
- F3: Units are phantom stock units in PPG’s Deferred Compensation Plan (an unfunded unitized fund of stock and cash; unit counts/value can change with the plan’s fund value).
- Filing timeliness: Reported the day after the transaction (no late-file indication).
Context
This was a derivative award (phantom stock units) under a deferred compensation plan — these units track PPG stock value but are not the same as an immediate open-market purchase of shares. Such grants are common as compensation and don’t by themselves signal the insider buying or selling stock. The units convert one-for-one to common stock and their value can fluctuate with the plan’s holdings and PPG’s share price.
Insider Transaction Report
- Award
Phamtom Stock Units
[F1][F2][F3]2026-07-15$115.31/sh+15.238$1,757→ 205.825 total→ Common Stock (15.238 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.