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

Chancey E. Hagerty, a Senior VP at PPG Industries, reported acquiring phantom stock units convertible to common stock, according to a recent SEC Form 4 filing.

Summary

• Chancey E. Hagerty, a Senior VP at PPG Industries, filed a Form 4 with the SEC.
• The filing reports a transaction on May 15, 2025, involving phantom stock units.
• Hagerty acquired 0.123 phantom stock units, which convert to common stock on a one-for-one basis after termination of employment.
• The price of the derivative security is $113.06.
• Following the transaction, Hagerty beneficially owns 1.1292 derivative securities.
• These units are held directly and represent interests in an unfunded unitized company stock fund.
• The number of shares attributed to Hagerty may change based on the fair market value of PPG's common stock and the amount of cash in the fund.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral.

Future Outlook

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.

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's stock.

Key Dates

Keywords

Form 4, SEC, PPG Industries, Phantom Stock Units, Beneficial Ownership, Hagerty, Chancey E.