Form 4: PPG Executive Acquires Phantom Stock Units

PPG Industries' Senior VP and General Counsel, Anne M. Foulkes, acquired 16.8609 phantom stock units, increasing her total holdings to 625.2516 units.

Summary

• Anne M. Foulkes, Senior VP and General Counsel of PPG Industries Inc., acquired 16.8609 phantom stock units.
• The transaction occurred on September 15, 2025.
• Each phantom stock unit was valued at $109.45.
• Following this acquisition, Ms. Foulkes beneficially owns a total of 625.2516 phantom stock units.
• Phantom stock units convert to common stock on a one-for-one basis after termination of employment with PPG.
• These units represent interests in an unfunded unitized company stock fund.

Sentiment

Score: 5

Explanation: The filing reports a routine insider acquisition of phantom stock units as part of executive compensation, which is generally neutral in terms of immediate market sentiment. It indicates continued alignment of executive interests with the company but does not convey significant positive or negative operational news.

Positives

• The acquisition of additional phantom stock units by a senior executive aligns management's interests with those of shareholders.

Future Outlook

The phantom stock units are exercisable and will convert to common stock on a one-for-one basis after the reporting person's termination of employment with PPG.

Industry Context

This is a routine insider transaction related to executive compensation and does not directly reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The acquisition of phantom stock units by a senior executive can be viewed positively as it increases management's vested interest in the company's long-term performance.

Next Steps

• Conversion of phantom stock units to common stock upon termination of employment with PPG.

Key Dates

Keywords

PPG, Insider Transaction, Form 4, Phantom Stock Units, Executive Compensation, Anne Foulkes, Equity Acquisition