PPG Industries (NYSE: PPG) awards 15.2379 phantom units to senior VP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PPG Industries Inc. reported an insider compensation grant to senior vice president Chancey E. Hagerty. He received 15.2379 phantom stock units linked to common stock at $115.31 per unit, increasing his balance in the Deferred Compensation Plan to 205.8251 units.
The phantom stock units convert to common stock on a one-for-one basis after termination of employment with PPG and represent interests in an unfunded unitized company stock fund whose unit count can change with share price and cash levels.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hagerty Chancey E.
Role
Sr. VP, Auto. Refinish Ctgs.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phamtom Stock Units | 15.238 | $115.31 | $2K |
Holdings After Transaction:
Phamtom Stock Units — 205.825 shares (Direct)
Footnotes (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.
Key Figures
Phantom stock units granted: 15.2379 units
Reference price per phantom unit: $115.3100
Total phantom units after grant: 205.8251 units
+2 more
5 metrics
Phantom stock units granted
15.2379 units
Grant of phantom stock units to Sr. VP on 2026-07-15
Reference price per phantom unit
$115.3100
Price per unit used for the 15.2379-unit grant
Total phantom units after grant
205.8251 units
Total phantom stock units held in Deferred Compensation Plan after transaction
Underlying common shares
15.2379 shares
Each phantom stock unit converts to one share of common stock
Conversion ratio
1-for-1
Phantom stock units convert into common stock on a one-for-one basis
Key Terms
Phantom stock units, Deferred Compensation Plan, unfunded unitized company stock fund, fair market value
4 terms
Phantom stock units financial
"Total of all phantom stock units held by the reporting person"
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"
fair market value financial
"may change from time to time depending on the fair market value of the issuer's common stock"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
FAQ
What insider transaction did PPG (PPG) report for Chancey E. Hagerty?
PPG reported a grant of 15.2379 phantom stock units to senior vice president Chancey E. Hagerty. These units are part of the Deferred Compensation Plan and are linked one-for-one to PPG common stock, increasing his total phantom unit holdings to 205.8251.
How many phantom stock units were granted to PPG (PPG) executive Chancey Hagerty?
Chancey Hagerty received 15.2379 phantom stock units as a compensation grant. Each phantom unit corresponds to one share of PPG common stock and was valued at $115.31 per unit for this award, adding to his existing Deferred Compensation Plan balance.
When do Chancey Hagerty’s phantom stock units at PPG (PPG) convert into common stock?
Hagerty’s phantom stock units convert into PPG common stock after termination of employment. The units are designed as deferred compensation, remaining in the plan until he leaves PPG, at which point they convert one-for-one into shares of common stock.
What is Hagerty’s total phantom stock unit balance at PPG (PPG) after this transaction?
After the grant, Hagerty holds a total of 205.8251 phantom stock units in PPG’s Deferred Compensation Plan. This total can change over time as the plan’s unfunded unitized company stock fund fluctuates with PPG’s share price and cash levels.
How are PPG (PPG) phantom stock units in the Deferred Compensation Plan structured?
PPG’s phantom stock units represent interests in an unfunded unitized company stock fund composed of stock and cash. The number of units attributed to a participant can vary over time based on PPG’s fair market share value and the cash held in the fund.