Form 4: PPG Industries Executive Anne M. Foulkes Reports Acquisition of Phantom Stock Units

Anne M. Foulkes, Sr. VP and General Counsel of PPG Industries, reports the acquisition of phantom stock units convertible to common stock after termination of employment.

Summary

• Anne M. Foulkes, a Senior Vice President and General Counsel at PPG Industries, Inc., filed a Form 4 on October 16, 2024.
• The form reports a transaction that occurred on October 15, 2024, where Ms. Foulkes acquired phantom stock units.
• She acquired 21.6782 phantom stock units at a price of $129.87 each.
• These units convert to common stock on a one-for-one basis after her termination of employment with PPG.
• Following the reported transaction, Ms. Foulkes beneficially owns 363.0565 phantom stock units.
• These units are held directly and represent interests in an unfunded unitized company stock fund comprised of stock and cash.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive compensation, with neutral sentiment.

Future Outlook

The phantom stock units will convert to common stock on a one-for-one basis after Ms. Foulkes' termination of employment with PPG.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders. Phantom stock units are a common form of deferred compensation.

Stakeholder Impact

• Shareholders are informed about changes in beneficial ownership by company executives.

Key Dates