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, reports acquiring phantom stock units convertible to common stock.
Summary
- Anne M. Foulkes, a Senior VP and General Counsel at PPG Industries, filed a Form 4 indicating changes in beneficial ownership.
- The report details the acquisition of 0.6164 phantom stock units on April 30, 2024, which convert to common stock on a one-for-one basis after termination of employment.
- The price of the phantom stock units was $129.
- Following the transaction, Foulkes beneficially owns 267.5062 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reflects routine executive compensation practices.
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 a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. This filing indicates an executive's ongoing investment in the company's future.
Stakeholder Impact
- The acquisition of phantom stock units by an executive aligns their interests with those of shareholders, potentially incentivizing performance that benefits the company's stock value.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of transaction: Acquisition of phantom stock units. |
| 05/01/2024 | Date of signature on the Form 4 filing. |
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