PPG Sr. VP Hagerty Chancey Receives Award of 15.102 Units

What Happened Chancey E. Hagerty, Senior Vice President, Automotive Refinish Coatings at PPG Industries (PPG), was granted 15.102 derivative units on August 14, 2026. The filing values the award at $114.11 per share, a notional total of about $1,723. This was an award/acquisition of phantom stock units (derivative), not an open-market purchase or sale.

Key Details

• Transaction date and terms: 2026-08-14 — Award (code A) of 15.102 units at $114.11 per unit (notional $1,723).
• Filing date: Form 4 filed 2026-08-17 (within the required reporting window).
• Shares owned after transaction: Not specified in the transaction line; filing refers to the Deferred Compensation Plan totals (see footnote 3).
• Notable footnotes:
  • F1: Each unit converts to one share of common stock on a one-for-one basis.
  • F2: Some conversion/settlement may occur after termination of employment.
  • F3: These are phantom stock units in PPG’s Deferred Compensation Plan — an unfunded unitized stock-and-cash fund whose value/credited units can change with the stock’s fair market value and cash in the fund.

Context This was an award of phantom units under a deferred compensation plan (derivative acquisition), not a cash purchase of shares. Phantom units track the value of PPG stock and may be settled in stock or cash per plan rules; they do not necessarily indicate immediate buying or selling by the insider.