Form 4: PPG Industries Executive Anne M. Foulkes Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Anne M. Foulkes, Sr. VP and General Counsel of PPG Industries, reported 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 September 3, 2024, reporting a transaction.
- The transaction involved the acquisition of 5.1564 phantom stock units on August 30, 2024, which are convertible to common stock on a one-for-one basis after termination of employment.
- The price of the derivative security was $129.73.
- Following the reported transaction, Foulkes beneficially owns 296.6155 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider transactions, with neutral sentiment.
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 with company performance.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Date of transaction: Acquisition of phantom stock units |
| 09/03/2024 | Date of Form 4 filing |
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