PPG SVP Chancey Hagerty Receives Award of 16.635 Phantom Units

What Happened
Chancey E. Hagerty, Senior Vice President of the Performance Coatings segment at PPG Industries (PPG), received an award of 16.635 phantom stock units on 2026-09-15. The filing values the grant at $104.89 per unit for a total of $1,745. This was an award/grant (derivative) rather than an open-market purchase or sale — a routine form of compensation.

Key Details

• Transaction date: 2026-09-15; filing date: 2026-09-16 (timely).
• Transaction type: A (award/grant) of 16.635 phantom stock units at $104.89 per unit; total $1,745.
• Shares owned after transaction: Not specified in the Form 4.
• Derivative specifics: Units are phantom stock units in PPG’s Deferred Compensation Plan and are derivative (not immediate common shares).
• Notable footnotes:
  • F1: Units convert to common stock on a one-for-one basis.
  • F2: References conditions “after termination of employment with PPG” (relates to timing/conditions in the plan).
  • F3: Phantom units represent interests in an unfunded unitized company stock fund (the credited number may change with fair market value and cash in the fund).
• Filing timeliness: No late filing indicated.

Context
This was a compensation award of phantom units (derivative interest), which differs from buying or selling stock. Phantom units typically track share value and may convert to or be settled in stock/cash under plan rules; they are commonly part of executive compensation and are not by themselves a direct market buy/sell signal.