Form 4: PPG Industries Executive Acquires Phantom Stock Units

Anne M. Foulkes, a Senior Vice President and General Counsel at PPG Industries, acquired phantom stock units convertible to common stock.

Summary

• Anne M. Foulkes, a Senior Vice President and General Counsel at PPG Industries, acquired 0.7095 phantom stock units on January 31, 2025.
• These phantom stock units are convertible to common stock on a one-for-one basis after termination of employment with PPG.
• The price of the phantom stock units was $115.38.
• Following the transaction, Ms. Foulkes holds a total of 480.3481 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's a standard practice, hence a neutral to slightly positive 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, such as Sherwin-Williams and Axalta Coating Systems, also utilize similar deferred compensation plans for their executives.
• The specific terms and conditions of these plans, such as vesting periods and conversion ratios, can vary, but the general structure is consistent with industry norms.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of phantom stock units.
• The transaction is part of the executive compensation plan and is not expected to have a significant impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

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