Form 4: PPG Industries Executive Reports Acquisition of Phantom Stock Units
SEC Filing
Chancey E. Hagerty, a Senior VP at PPG Industries, reports 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 transaction involves the acquisition of phantom stock units that convert to common stock on a one-for-one basis after termination of employment.
- On March 31, 2025, Hagerty acquired 0.1282 phantom stock units at a price of $109.35.
- Following the transaction, Hagerty beneficially owns 0.7369 phantom stock units through the PPG Industries, Inc. Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of transaction: Acquisition of phantom stock units |
| 04/01/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, PPG Industries, Phantom Stock Units, Beneficial Ownership, Executive Compensation, Hagerty, PPG
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