PPG Sr. VP Chancey Hagerty Receives Award of 16.672 Units

What Happened
Chancey E. Hagerty, Senior Vice President of the Performance Coatings segment at PPG Industries (PPG), received a derivative award of 16.672 phantom stock units on 2026-09-30. The filing values the award at $104.33 per unit for a total reported value of $1,739. This was an award/grant (derivative), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-30; Form 4 filed: 2026-10-01 (appears timely under standard 2-business-day rules).
• Instrument: Derivative award (phantom stock units) — 16.672 units @ $104.33 = $1,739.
• Shares owned after transaction: Not specified in the filing.
• Footnotes included in the filing:
  • F1: The security converts to common stock on a one-for-one basis.
  • F2: "After termination of employment with PPG." (footnote text as provided in filing).
  • F3: Phantom stock units are held in the PPG Deferred Compensation Plan and represent interests in an unfunded unitized stock-and-cash fund; the number attributed may change with the fair market value and cash in the fund.
• Transaction code: A = Award/Grant (derivative). No 10b5-1 plan or tax-withholding detail cited.

Context
This was a compensation-related award of phantom units in PPG's deferred compensation plan rather than a market buy or sell. Phantom stock units typically track the value of company shares and may convert to actual shares (per F1) or cash depending on plan terms; F3 explains the units represent an unfunded interest whose credited amount can change with stock value and fund cash. The filing does not state that shares were sold or that proceeds were realized immediately.