Form 4: PPG Executive Acquires Phantom Stock Units

PPG Industries Senior VP Anne M. Foulkes acquired 0.326 phantom stock units, increasing her total beneficial ownership to 765.0785 units.

Summary

• Anne M. Foulkes, Senior VP, Legal & Special Projects at PPG Industries, Inc. (PPG), reported a transaction on March 13, 2026.
• The transaction involved the acquisition of 0.326 phantom stock units, which are derivative securities convertible to common stock on a one-for-one basis.
• Phantom stock units represent interests in an unfunded unitized company stock fund, with the number of attributed shares potentially changing based on PPG's common stock fair market value and fund cash.
• The implied price of the derivative security at the time of acquisition was $101.89 per unit.
• Following this transaction, Ms. Foulkes beneficially owns a total of 765.0785 phantom stock units.
• These units become exercisable after her termination of employment with PPG.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as neutral as it is a routine disclosure of an executive's participation in a deferred compensation plan, not an open market purchase or sale indicating strong sentiment.

Positives

• Senior VP Anne M. Foulkes' beneficial ownership of phantom stock units increased, aligning her interests with shareholders through the company's deferred compensation plan.

Negatives

• No negative aspects are indicated in this routine disclosure of an executive's deferred compensation plan activity.

Future Outlook

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

Industry Context

StockSavvy.ai notes that insider transactions, even small ones like this, are routine disclosures for executive compensation plans. While they generally indicate alignment of interests, this specific transaction is part of a deferred compensation plan rather than a discretionary open market purchase or sale.

Stakeholder Impact

• Shareholders may view the increased beneficial ownership by a senior executive as a minor positive, indicating continued alignment of management interests with shareholder value, albeit through a compensation plan.

Next Steps

• Conversion of phantom stock units to common stock after the reporting person's termination of employment with PPG.

Key Dates

Keywords

PPG, phantom stock units, executive compensation, beneficial ownership, insider transaction