Form 4: PPG Industries Senior VP Reports Acquisition of Phantom Stock Units in Deferred Compensation Plan

Chancey E. Hagerty, Senior Vice President at PPG Industries, filed a Form 4 disclosing the acquisition of phantom stock units as part of a deferred compensation plan.

Summary

• Chancey E. Hagerty, Senior Vice President of Automotive Refinish Coatings at PPG Industries, Inc. (PPG), filed a Form 4 with the SEC on June 16, 2025.
• The filing reports the acquisition of 0.0057 phantom stock units on June 12, 2025.
• These phantom stock units are part of the PPG Industries, Inc. Deferred Compensation Plan.
• Each phantom stock unit converts to one share of PPG common stock.
• Following this transaction, Mr. Hagerty beneficially owns a total of 1.2615 phantom stock units in the plan.
• The value of the underlying common stock at the time of the transaction was $112.03 per share.
• The number of shares attributed to plan participants may change over time based on the fair market value of PPG common stock and the amount of cash in the fund.

Sentiment

Score: 5

Explanation: Neutral. This is a routine regulatory filing disclosing an executive's compensation-related equity acquisition, which is neither significantly positive nor negative for the company's outlook.

Positives

• The acquisition of phantom stock units aligns the executive's interests with shareholder value, as the units convert to common stock.
• Participation in a deferred compensation plan indicates a structured approach to executive remuneration.

Negatives

• The reported acquisition amount of 0.0057 phantom stock units is very small, suggesting it might be a fractional adjustment rather than a significant new grant.

Risks

• The value of phantom stock units is subject to the fair market value fluctuations of PPG Industries, Inc. common stock.

Future Outlook

Phantom stock units become exercisable after the termination of employment with PPG Industries, Inc.

Industry Context

This Form 4 filing is a routine disclosure of executive compensation-related equity holdings, common across publicly traded companies. It does not provide broader industry trends or competitive insights for the automotive refinish coatings sector.

Related Party Transactions

• The acquisition of phantom stock units is part of the PPG Industries, Inc. Deferred Compensation Plan, which is a standard compensation arrangement between the company and its executive.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive compensation and equity alignment.
• Employees: No direct impact on general employees, but relevant for executive compensation structures.

Key Dates

Keywords

PPG Industries, PPG, SEC Form 4, Phantom Stock Units, Deferred Compensation Plan, Executive Compensation, Insider Trading, Beneficial Ownership, Chancey E. Hagerty