PPG Sr. VP Chancey E. Hagerty Receives Award

What Happened
Chancey E. Hagerty, Senior Vice President of the Performance Coatings segment at PPG Industries (PPG), was granted 15.565 derivative units on August 31, 2026. The units are reported at a per-share reference value of $112.17 for a notional total of about $1,746. This was an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-31; filing date (Form 4): 2026-09-01 (appears timely).
• Instrument: 15.565 phantom stock units (derivative award) at $112.17 per share; total notional ≈ $1,746.
• Conversion: Units convert to PPG common stock on a one-for-one basis (Footnote F1).
• Settlement/vesting notes: Footnote F2 indicates settlement is after termination of employment; Footnote F3 explains these are phantom stock units in PPG’s Deferred Compensation Plan and their number/value may fluctuate with the plan’s fair market value and cash.
• Shares owned after transaction: Not specified in this filing.
• Transaction type: Award/grant (A) — not a cash purchase or sale.

Context
Phantom stock units are a form of deferred compensation that mirror the economic performance of company stock (they represent interests in an unfunded unitized stock-and-cash fund). They typically do not reflect an immediate buy/sell decision by the insider and may be payable or convertible at a later date (here, noted as after employment termination).