Hagerty Chancey E. 4

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.