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 acquiring 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 September 13, 2024.
• The report details a transaction on September 12, 2024, where Foulkes acquired 1.6438 phantom stock units.
• These units convert to common stock on a one-for-one basis after termination of employment with PPG.
• The price of the derivative security is $125.49.
• Following the reported transaction, Foulkes beneficially owns 298.2593 phantom stock units through the PPG Industries, Inc. Deferred Compensation Plan.
• These units represent interests in an unfunded unitized company stock fund comprised of stock and cash.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.

Future Outlook

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

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates