Form 4: PPG Industries Executive Chancey E. Hagerty Reports Changes in Beneficial Ownership
SEC Filing
Chancey E. Hagerty, a Senior VP at PPG Industries, reported changes in beneficial ownership related to phantom stock units.
Summary
- Chancey E. Hagerty, a Senior VP at PPG Industries, filed a Form 4 to report changes in beneficial ownership.
- The reported transaction involves phantom stock units that convert to common stock on a one-for-one basis after termination of employment with PPG.
- Hagerty acquired 0.1418 phantom stock units at a price of $99.61.
- Following the reported transaction, Hagerty beneficially owns 0.8787 phantom stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock. This filing indicates changes in Hagerty's holdings of phantom stock units, which are a form of deferred compensation.
Key Dates
| Date | Description |
|---|---|
| 04/15/2025 | Date of the transaction involving phantom stock units. |
| 04/16/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, PPG Industries, Phantom Stock Units, Chancey E. Hagerty, Equity Securities
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