Form 4: PPG Industries Executive Chancey E. Hagerty Reports Acquisition of Common Stock

Chancey E. Hagerty, a Senior VP at PPG Industries, reports acquiring 813 shares of common stock as a bonus and holding 2,308.56 shares indirectly through an employer 401(k) plan.

Summary

• Chancey E. Hagerty, a Senior VP at PPG Industries, filed a Form 4 detailing changes in beneficial ownership.
• On February 29, 2024, Hagerty acquired 813 shares of PPG common stock as a bonus under the company's Amended and Restated Omnibus Incentive Plan.
• The reported transaction also indicates that Hagerty indirectly owns 2,308.56 shares of PPG common stock through the PPG Industries Employee Savings Plan as of February 29, 2024.
• Following the reported transaction, Hagerty directly owns 7,767 shares of PPG common stock.
• The filing was signed by Greg E. Gordon, Attorney-in-Fact for Chancey E. Hagerty, on March 01, 2024.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Positives

• The acquisition of shares as a bonus indicates the company's investment in its employees through incentive plans.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates