Form 4: PPG Industries Executive Chancey E. Hagerty Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Chancey E. Hagerty, a Senior VP at PPG Industries, reported acquiring phantom stock units convertible to common stock after termination of employment.
Summary
- Chancey E. Hagerty, a Senior VP at PPG Industries, filed a Form 4 indicating changes in beneficial ownership.
- The report details the acquisition of phantom stock units that convert to common stock on a one-for-one basis after termination of employment.
- On April 30, 2025, Hagerty acquired 0.1275 phantom stock units at a price of $108.86, resulting in a holding of 1.0062 units.
- These phantom stock units are part of 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 standard regulatory filing, so the sentiment is neutral.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders. Phantom stock units are a common form of deferred compensation.
Key Dates
| Date | Description |
|---|---|
| 04/30/2025 | Date of transaction: Acquisition of phantom stock units. |
| 05/01/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Phantom Stock Units, PPG Industries, Hagerty, Deferred Compensation Plan, Executive Compensation
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