Form 4: PPG Industries Executive Chancey E. Hagerty Reports Acquisition of Phantom Stock Units
SEC Filing
Chancey E. Hagerty, a Senior VP at PPG Industries, reported the acquisition of phantom stock units convertible to common stock, according to a Form 4 filing with the SEC.
Summary
- Chancey E. Hagerty, a Senior VP at PPG Industries, filed a Form 4 with the SEC.
- The filing reports the acquisition of phantom stock units that convert to common stock on a one-for-one basis.
- The transaction occurred on March 12, 2025.
- The price of the derivative security is $110.98.
- Hagerty directly owns 0.4853 phantom stock units after the reported transaction.
- These phantom stock units are held in the PPG Industries, Inc. Deferred Compensation Plan and represent interests in an unfunded unitized company stock fund.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's securities, ensuring transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 03/12/2025 | Date of transaction: Acquisition of phantom stock units. |
| 03/13/2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.