Hagerty Chancey E.

Hagerty Chancey E., Senior Vice President of Automotive Refinish Coatings at PPG Industries (PPG), has filed 64 Form 4 transactions over the past year, all tied to a single company. The filings reveal a clear pattern: zero open-market purchases and one open-market sale, with the bulk of activity consisting of automatic compensation events. The sole discretionary trade was a sale of $260,077.50 on January 29, 2026, executed alongside an option exercise valued at $213,750 — a mechanical pairing typical of a vesting event rather than a directional bet. No P-code transactions appear anywhere in the record, meaning Hagerty has not voluntarily added shares at market prices during the period. The remaining activity is dominated by A-code grants and awards, which are compensation rather than conviction buys. These include routine bi-monthly dividend-equivalent accruals (e.g., $17.74 on June 30, 2026; $10.91 on June 15, 2026) and larger restricted stock grants, such as $1,757.08 on July 15, 2026, and $1,740.59 on December 31, 2025. One notable F-code transaction on February 18, 2026, saw $61,303.50 in shares withheld to cover tax obligations — an automatic process that reduces holdings without signaling intent. The most recent trade, an A-code grant of $1,757.08 on July 15, 2026, continues the compensation cadence. Across all 64 filings, the total acquired value stands at $39,071.06, entirely from grants and exercises, while total sales reach $260,077.50. The net effect is a reduction in beneficial ownership, driven by the January sale and the February tax withholding. The absence of any P-code purchases, combined with the mechanical nature of the S and F transactions, points to a passive posture: Hagerty is neither accumulating nor aggressively divesting, but rather managing the automatic consequences of equity compensation. The data offers no evidence of opportunistic timing, only routine administrative activity.