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PPG (PPG) senior VP receives grant of additional phantom stock units

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

PPG Industries senior vice president Chancey E. Hagerty reported an automatic grant of phantom stock units under a deferred compensation plan. He acquired 0.1066 phantom stock units at a reference price of $131.34 per unit, bringing his total holdings in this plan to 186.6301 units. These units convert into common stock on a one-for-one basis after his employment with PPG ends.

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Insider Hagerty Chancey E.
Role Sr. VP, Auto. Refinish Ctgs.
Type Security Shares Price Value
Grant/Award Phamtom Stock Units 0.107 $131.34 $14.00
Holdings After Transaction: Phamtom Stock Units — 186.63 shares (Direct)
Footnotes (1)
  1. The security converts to common stock on a one-for-one basis. After termination of employment with PPG. Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan. Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hagerty Chancey E.
(Last) (First) (Middle)
PPG INDUSTRIES, INC.
ONE PPG PLACE
(Street)
PITTSBURGH PA 15272
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PPG INDUSTRIES INC [ PPG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Sr. VP, Auto. Refinish Ctgs.
3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phamtom Stock Units (1) 02/13/2026 A 0.1066 (2) (2) Common Stock 0.1066 $131.34 186.6301(3) D
Explanation of Responses:
1. The security converts to common stock on a one-for-one basis.
2. After termination of employment with PPG.
3. Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan. Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund.
Remarks:
/s/ Greg E. Gordon, Attorney-in-Fact for Chancey E. Hagerty 02/18/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did PPG (PPG) report for Chancey E. Hagerty?

PPG reported that senior vice president Chancey E. Hagerty received a grant of 0.1066 phantom stock units. The award is part of a deferred compensation plan and reflects an automatic, non-open-market acquisition linked to the company’s common stock value over time.

How many phantom stock units does Chancey E. Hagerty now hold at PPG (PPG)?

After the latest grant, Chancey E. Hagerty holds a total of 186.6301 phantom stock units. These units are tracked within PPG’s Deferred Compensation Plan and represent interests in a unitized company stock fund consisting of PPG stock and cash components.

At what price were the new PPG (PPG) phantom stock units credited to Hagerty?

The 0.1066 phantom stock units were credited at a reference price of $131.34 per unit. This value is used for accounting the grant within the deferred compensation plan and is tied to the fair market value of PPG’s common stock.

When do PPG (PPG) phantom stock units held by Chancey E. Hagerty convert to common stock?

The phantom stock units convert into PPG common stock on a one-for-one basis after Hagerty’s employment with PPG terminates. Until then, they remain plan units that track the value of a company stock fund rather than actual issued shares.

What does a phantom stock unit represent in PPG’s (PPG) Deferred Compensation Plan?

A phantom stock unit represents an interest in an unfunded unitized company stock fund made up of PPG stock and cash. The number of units attributed to Hagerty can change over time based on PPG’s stock price and the cash balance in the fund.

Did Chancey E. Hagerty buy or sell PPG (PPG) shares on the open market?

The filing shows a grant categorized as a “grant, award, or other acquisition,” not an open-market purchase or sale. The transaction involved phantom stock units within a deferred compensation plan rather than direct trading of PPG common shares.