PPG Sr. VP Chancey Hagerty Receives Phantom Stock Award

What Happened

• Chancey E. Hagerty, Senior Vice President of PPG's Performance Coatings segment, was granted 1.776 phantom stock units on 2026-09-11. The units were valued at $105.50 each for a total grant value of $187. This was an award/derivative grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date and filing: Grant on 2026-09-11; Form 4 filed 2026-09-14 (timely filing).
• Units/shares: 1.776 phantom stock units granted at $105.50 per unit (total $187).
• Shares owned after transaction: Not specified in this summary; the grant is recorded as phantom units (see F3).
• Footnotes of note:
  • F1: The security converts to common stock on a one-for-one basis.
  • F2: Distribution/convertibility tied to termination of employment.
  • F3: These are phantom stock units in PPG’s Deferred Compensation Plan — an unfunded unitized stock fund whose unit count/value can change with the plan’s holdings and stock fair market value.
• Transaction type: Derivative award (phantom stock unit), code A.

Context

• This grant is a deferred-compensation award (phantom stock units). Such units typically track the company’s stock value and convert to shares/cash per plan rules (here, one-for-one per F1), often payable or converted upon certain events (e.g., termination per F2). Because this was an award (not a purchase), it should not be interpreted as an immediate market signal to buy or sell PPG shares.