Form 4: PPG Industries Executive Acquires Phantom Stock Units
SEC Form 4 Filing
Anne M. Foulkes, Sr. VP and General Counsel of PPG Industries, reports acquisition of phantom stock units convertible to common stock.
Summary
- Anne M. Foulkes, a Senior Vice President and General Counsel at PPG Industries, Inc., filed a Form 4 indicating a transaction involving derivative securities.
- On March 12, 2025, Foulkes acquired phantom stock units that convert to common stock on a one-for-one basis.
- The price of the phantom stock units was $110.98.
- Foulkes now holds a total of 484.3724 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, neither particularly positive nor negative. It simply reports a transaction.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 03/12/2025 | Date of transaction: Anne M. Foulkes acquired phantom stock units. |
| 03/13/2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.