PPG Sr. VP Chancey Hagerty Receives Phantom Stock Award

What Happened Chancey E. Hagerty, Senior Vice President, Automotive Refinish Coatings at PPG Industries (PPG), was granted 15.786 derivative units on July 31, 2026. The filing values the award at $110.52 per share, for a total reported value of about $1,745. This was an award/grant (derivative phantom stock), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-31; Filing date: 2026-08-04 (filed within the normal two-business-day window).
• Transaction type: A (award/grant of a derivative interest).
• Units granted: 15.786 units at $110.52 per unit; total value reported ≈ $1,745.
• Shares owned after transaction: Not reported in this Form 4.
• Relevant footnotes:
  • F1: Each unit converts to one share of common stock on a one-for-one basis.
  • F2: Some rights may apply after termination of employment.
  • F3: These are phantom stock units in PPG’s Deferred Compensation Plan — an unfunded unitized stock/cash fund; unit counts may change with the plan’s fair market value and cash balance.
• No indication of a 10b5-1 plan, tax-withholding sale, or immediate sale of underlying shares in this filing.

Context This was a derivative award (phantom stock units) under a deferred compensation plan, not a market purchase or sale. Phantom units generally track company stock value and may convert or pay out later (and may be subject to post-employment payout rules per the footnotes). Such grants are routine compensation for executives and do not by themselves signal intent to buy or sell shares on the open market.