Form 4: PPG Executive Boosts Phantom Stock Holdings

PPG Industries' Senior VP and General Counsel, Anne M. Foulkes, acquired 4.3341 phantom stock units, increasing her total beneficial ownership to 722.0464 units.

Summary

• Anne M. Foulkes, Senior VP and General Counsel of PPG Industries, Inc. (PPG), acquired 4.3341 phantom stock units.
• The transaction occurred on December 12, 2025.
• Each phantom stock unit was valued at $103.54.
• Following this acquisition, Foulkes beneficially owns a total of 722.0464 phantom stock units.
• These units are held in the PPG Industries, Inc. Deferred Compensation Plan and convert to common stock on a one-for-one basis after termination of employment.
• The number of shares attributed to plan participants can fluctuate based on the fair market value of PPG common stock and the cash in the fund.

Sentiment

Score: 6

Explanation: The acquisition of phantom stock units by a senior executive, even if part of a deferred compensation plan, can be seen as a minor positive signal of insider confidence. However, the transaction size is small and does not provide significant new information about the company's performance or prospects.

Positives

• An insider, a Senior VP and General Counsel, increased her holdings in the company's deferred compensation plan, which can be viewed as a minor positive signal of confidence.

Negatives

• No negative information is presented in this Form 4 filing.

Risks

• No specific risks are detailed in this Form 4 filing.

Future Outlook

This Form 4 filing reports a past insider transaction and does not contain forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• No direct management comments or notable quotes are provided in this Form 4 filing.

Industry Context

This Form 4 filing details an individual insider transaction and does not provide information relevant to broader industry trends or competitive analysis.

Comparison to Industry Standards

• This Form 4 filing reports an individual insider transaction and does not contain information suitable for comparison to global benchmarks, comparable companies, projects, or results.

Stakeholder Impact

• Shareholders: May view the insider acquisition as a minor positive signal of management's alignment with shareholder interests, though the impact is minimal due to the small transaction size and nature of phantom units.

Next Steps

• No specific future actions, events, or milestones are mentioned in this Form 4 filing.

Key Dates

Keywords

PPG Industries, PPG, Insider Trading, Form 4, Phantom Stock Units, Deferred Compensation, Anne M. Foulkes, Executive Compensation