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 August 1, 2024.
• The report details a transaction on July 31, 2024, where Ms. Foulkes acquired 5.554 phantom stock units.
• These units convert to common stock on a one-for-one basis after her termination of employment with PPG.
• The price of the derivative security is $126.98.
• Following the reported transaction, Ms. Foulkes beneficially owns 285.5944 derivative securities.
• These phantom stock units are held in the PPG Industries, Inc. Deferred Compensation Plan, representing interests in an unfunded unitized company stock fund.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

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 routine disclosures required by the SEC to ensure transparency in trading activities by company insiders. This filing indicates changes in Ms. Foulkes' beneficial ownership of PPG Industries securities.

Key Dates