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PPG Industries (PPG) SVP receives phantom stock unit grant

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

Rhea-AI Filing Summary

PPG Industries senior vice president Chancey E. Hagerty received a small grant of phantom stock units as compensation. The award covers 0.1693 phantom stock units tied to the company’s common stock at a reference value of $107.72 per unit. These units convert into common shares on a one-for-one basis after Hagerty’s employment with PPG ends and are held within the company’s Deferred Compensation Plan. Following this grant, Hagerty’s total phantom stock unit balance in the plan is 189.0032 units, which may fluctuate over time with changes in PPG’s stock price and cash within the plan’s stock fund.

Positive

  • None.

Negative

  • None.
Insider Hagerty Chancey E.
Role Sr. VP, Auto. Refinish Ctgs.
Type Security Shares Price Value
Grant/Award Phamtom Stock Units 0.169 $107.72 $18.24
Holdings After Transaction: Phamtom Stock Units — 189.003 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.
Phantom stock units granted 0.1693 units Grant on 2026-04-15 as reported on Form 4
Reference price per unit $107.72 per unit Value used for this phantom stock unit grant
Total phantom units after grant 189.0032 units Balance in PPG Deferred Compensation Plan after transaction
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
"Phantom stock units represent interests in an unfunded unitized company stock fund"
one-for-one basis financial
"The security converts to common stock on a one-for-one basis"
Form 4 Insider Transactions: What Each Field Means →
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, Auto. Refinish Ctgs.
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026		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)04/15/2026A0.1693 (2) (2)Common Stock0.1693$107.72189.0032(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. Hagerty04/16/2026
** 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

FAQ

What did PPG (PPG) executive Chancey Hagerty report in this Form 4?

Chancey E. Hagerty reported receiving 0.1693 phantom stock units as a compensation grant. These units are tied to PPG common stock at a reference value of $107.72 per unit and are part of the company’s Deferred Compensation Plan.

Are the phantom stock units in PPG (PPG) an open-market stock purchase?

No, the 0.1693 phantom stock units are a compensation-related grant, not an open-market purchase. They are recorded at a reference price of $107.72 and are held in PPG’s Deferred Compensation Plan rather than being directly bought on the market.

When can PPG (PPG) phantom stock units held by Chancey Hagerty convert to common stock?

The phantom stock units convert to PPG common stock on a one-for-one basis after termination of employment with PPG. Until then, they remain as plan units whose value tracks the company’s stock and cash in the related fund.

How many phantom stock units does Chancey Hagerty hold in PPG’s plan after this grant?

After this grant, Chancey Hagerty holds a total of 189.0032 phantom stock units in PPG’s Deferred Compensation Plan. This total can change over time as the fair market value of PPG common stock and cash positions within the unitized stock fund fluctuate.

How do PPG (PPG) phantom stock units work in the Deferred Compensation Plan?

PPG phantom stock units represent interests in an unfunded unitized company stock fund composed of PPG shares and cash. The number of attributed units can change based on PPG’s stock price and the amount of cash in the fund, without any action by the participant.