Form 4: PPG Industries Executive Reports Acquisition of Phantom Stock Units

Chancey E. Hagerty, a Senior VP at PPG Industries, reported the acquisition of 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 detailing changes in beneficial ownership.
• The report indicates the acquisition of phantom stock units that convert to common stock on a one-for-one basis after termination of employment.
• As of February 28, 2025, Hagerty acquired 0.1239 phantom stock units at a price of $113.22.
• The total phantom stock units held by Hagerty in the PPG Industries, Inc. Deferred Compensation Plan is 0.4832.
• The number of shares attributed to Hagerty as a Plan participant may change depending on the fair market value of PPG's common stock and the amount of cash in the fund.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It reports an executive's acquisition of phantom stock units, which is a common form of compensation.

Future Outlook

The number of shares attributed to Hagerty 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 standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of phantom stock units by a company executive can be seen as a positive sign by shareholders, aligning management's interests with those of the shareholders.

Key Dates