Form 4: PPG Industries Executive Acquires Phantom Stock Units

Anne M. Foulkes, a Senior Vice President and General Counsel at PPG Industries, acquired 23.0331 phantom stock units on November 15, 2024.

Summary

• Anne M. Foulkes, a Senior Vice President and General Counsel at PPG Industries, acquired 23.0331 phantom stock units on November 15, 2024.
• These phantom stock units convert to common stock on a one-for-one basis after termination of employment with PPG.
• The price of the underlying common stock at the time of the transaction was $122.53.
• Following the transaction, Ms. Foulkes holds a total of 408.8391 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is neither particularly positive nor negative. It is a standard practice.

Future Outlook

The phantom stock units will convert to common stock after Ms. Foulkes' termination of employment with PPG.

Industry Context

This is a routine filing related to executive compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Many publicly traded companies use phantom stock units as part of their executive compensation packages.
• The vesting and conversion terms are typical for such arrangements, often tied to continued employment or retirement.
• Companies like Sherwin-Williams and Axalta also use similar compensation methods for their executives.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it is part of the executive compensation plan.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

PPG Industries, phantom stock units, executive compensation, Form 4, insider trading, deferred compensation, equity securities