Form 4: PPG Industries Executive Acquires Phantom Stock Units

Anne M. Foulkes, a Senior Vice President and General Counsel at PPG Industries, acquired 22.5778 phantom stock units on December 13, 2024.

Summary

• Anne M. Foulkes, a Senior Vice President and General Counsel at PPG Industries, acquired 22.5778 phantom stock units on December 13, 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 phantom stock units was $124.17 per unit.
• Following the transaction, Ms. Foulkes holds a total of 455.9099 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive compensation, and does not indicate any positive or negative sentiment.

Industry Context

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

Comparison to Industry Standards

• The use of phantom stock units is a common practice in executive compensation packages across various industries, including the materials and manufacturing sector where PPG operates.
• Many companies in the S&P 500 use similar deferred compensation plans to align executive interests with long-term shareholder value.
• Companies like Sherwin-Williams and Axalta Coating Systems, which are competitors of PPG, also utilize similar equity-based 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 have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

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