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PPG Industries SVP granted 15.6 phantom stock units

PPG INDUSTRIES INC (PPG) reported that officer Chancey E. Hagerty, Senior Vice President, Performance Coatings Segment, received a grant of 15.5649 phantom stock units linked to PPG common stock.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

PPG INDUSTRIES INC (PPG) reported that officer Chancey E. Hagerty, Senior Vice President, Performance Coatings Segment, received a grant of 15.5649 phantom stock units linked to PPG common stock. These units convert into common stock on a one-for-one basis after termination of employment and are held in PPG’s Deferred Compensation Plan, bringing his total phantom stock holdings in the plan to 252.2770 units.

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Insider Hagerty Chancey E.
Role Sr. VP, Perf Coatings Segment
Type Security Shares Price Value
Grant/Award Phamtom Stock Units F1, F2, F3 15.5649 $112.17 $2K
Holdings After Transaction: Phamtom Stock Units — 252.277 contracts (Direct)
Footnotes (3)
  1. F1. The security converts to common stock on a one-for-one basis.
  2. F2. After termination of employment with PPG.
  3. F3. 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.
Phantom stock units granted 15.5649 units Grant/award acquisition on 2026-08-31
Reference price per phantom stock unit $112.17 per unit Per-unit value associated with the 2026-08-31 grant
Total phantom stock units after transaction 252.2770 units Total phantom stock units held in Deferred Compensation Plan after grant
Conversion ratio 1 phantom stock unit for 1 share of common stock Phantom stock units convert to PPG common stock on a one-for-one basis
Phantom stock units financial
"Phantom stock units represent interests in an unfunded unitized company stock fund"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Deferred Compensation Plan financial
"held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
unfunded unitized company stock fund financial
"represent interests in an unfunded unitized company stock fund comprised of stock and cash"

FAQ

What insider transaction did PPG (PPG) disclose for Chancey E. Hagerty?
PPG disclosed that Senior Vice President Chancey E. Hagerty received a grant of 15.5649 phantom stock units tied to PPG common stock, reported as a grant, award, or other acquisition under transaction code A on 2026-08-31.

At what reference value were the new phantom stock units for PPG (PPG) recorded?
The 15.5649 phantom stock units granted to Chancey E. Hagerty were recorded at a reference value of $112.17 per unit, reflecting the per-share price associated with the phantom stock units in the transaction.

How many phantom stock units in total does Chancey E. Hagerty now hold at PPG (PPG)?
Following this grant, Chancey E. Hagerty holds a total of 252.2770 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan, representing his entire phantom stock position reported in this filing.

What does the phantom stock unit grant at PPG (PPG) convert into?
The phantom stock units granted to Chancey E. Hagerty convert into PPG common stock on a one-for-one basis. Each phantom stock unit represents the right to receive one share of PPG common stock upon conversion, subject to plan terms.

When do Chancey E. Hagerty’s phantom stock units at PPG (PPG) become payable?
The filing states that the phantom stock units become payable after termination of employment with PPG. Until then, they remain as interests in an unfunded unitized company stock fund within the Deferred Compensation Plan.

Can the number of phantom stock units held by Chancey E. Hagerty at PPG (PPG) change without new grants?
Yes. The filing notes that the number of phantom stock units attributed to Hagerty may change from time to time without his volition, based on the fair market value of PPG common stock and the amount of cash in the unfunded company stock fund.

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SEC Form 4
FORM 4UNITED 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 PENNSYLVANIA 15272
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
PPG INDUSTRIES INC [ PPG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Sr. VP, Perf Coatings Segment
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phamtom Stock Units(1)08/31/2026A15.5649 (2) (2)Common Stock15.5649$112.17252.277(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. Hagerty09/01/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR