PPG Senior VP Acquires Phantom Stock Units via Deferred Compensation Plan

Executive Summary

On November 2, 2026, PPG Industries, Inc. (NYSE: PPG) reported a Form 4 filing for Chancey E. Hagerty, Senior Vice President of the Performance Coatings Segment. The transaction reflects an acquisition of 14.2165 phantom stock units on October 30, 2026, priced at $119.52 per unit, amounting to approximately $1,699.16.

Transaction Details

• Security: Phantom Stock Units (convertible to common stock 1-for-1 upon termination of employment)
• Transaction Code: 'A' (Grant, award, or other acquisition pursuant to Rule 16b-3(d))
• Volume: 14.2165 units
• Unit Price: $119.52
• Total Transaction Value: $1,699.16
• Post-Transaction Holdings: 317.6156 phantom stock units held directly in the PPG Industries, Inc. Deferred Compensation Plan

Market & Strategic Context

This filing represents a routine, non-discretionary or plan-based acquisition under PPG's Deferred Compensation Plan. Phantom stock units reflect participation in an unfunded unitized company stock fund. Given the nominal transaction size and its programmatic nature, this transaction has low market significance and does not reflect an open-market sentiment shift.