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

Anne M. Foulkes, Senior VP and General Counsel at PPG Industries, reported the acquisition of 2.0469 phantom stock units on December 12, 2024.

Summary

• Anne M. Foulkes, a Senior VP and General Counsel at PPG Industries, has reported a transaction involving phantom stock units.
• On December 12, 2024, Ms. Foulkes acquired 2.0469 phantom stock units.
• 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 $124.02.
• Ms. Foulkes now holds a total of 433.3321 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 generally neutral to positive. The acquisition of stock units by an executive can be seen as a positive sign of confidence in the company.

Positives

• The acquisition of phantom stock units by a senior executive may indicate confidence in the company's future performance.

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 of these units are typical for such arrangements.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates executive confidence in the company.

Key Dates

Keywords

PPG Industries, phantom stock units, insider trading, executive compensation, Form 4, Anne M. Foulkes, deferred compensation