Form 4: PPG Executive Acquires Phantom Stock Units

PPG Industries' Senior VP, Anne M. Foulkes, acquired 0.9399 phantom stock units as part of a deferred compensation plan.

Summary

• Anne M. Foulkes, Senior VP, Legal & Special Projects, and a Director at PPG Industries Inc. (PPG), acquired 0.9399 phantom stock units.
• The transaction occurred on February 27, 2026, and was reported on March 2, 2026.
• These phantom stock units convert to common stock on a one-for-one basis after the termination of employment with PPG.
• The acquisition was part of the PPG Industries, Inc. Deferred Compensation Plan.
• The underlying common stock value at the time of the transaction was $123.27 per share.
• Following this transaction, Anne M. Foulkes beneficially owns a total of 757.462 phantom stock units in the plan.
• The number of shares attributed to a plan participant may fluctuate based on the fair market value of PPG's common stock and the cash in the fund.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, reflecting routine executive compensation and alignment with shareholder interests, but not a significant market-moving development.

Positives

• The acquisition of phantom stock units aligns the executive's interests with those of shareholders, as the value of these units is tied to the company's common stock performance.

Future Outlook

The acquired phantom stock units will convert to PPG common stock on a one-for-one basis after the termination of employment with PPG. The number of units held can change based on the fair market value of the issuer's common stock and the amount of cash in the fund.

Industry Context

StockSavvy.ai notes that the acquisition of phantom stock units by executives is a common component of deferred compensation plans across various industries. These plans are designed to retain key personnel and align their long-term financial interests with the company's performance, often deferring compensation until retirement or termination of employment.

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: Minor positive impact due to increased executive alignment with company performance through equity ownership.
• Employees: No direct impact on general employees, but reflects standard executive compensation practices.

Next Steps

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

Key Dates

Recommendation

This Form 4 reports a routine, small acquisition of phantom stock units by an executive as part of a deferred compensation plan. It does not indicate any material change in the company's fundamentals, strategic direction, or financial health that would warrant a change in investment recommendation. It primarily serves to update insider ownership records.

Keywords

PPG, Insider Transaction, Form 4, Phantom Stock Units, Deferred Compensation, Executive Compensation, Beneficial Ownership