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

• On April 15, 2024, Anne M. Foulkes, Sr. VP and General Counsel of PPG Industries, reported a transaction involving phantom stock units.
• Foulkes acquired 0.6033 phantom stock units at a price of $135.02.
• These units convert to common stock on a one-for-one basis after termination of employment with PPG.
• Following the transaction, Foulkes beneficially owns 266.8898 phantom stock units.
• These 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 neutral regulatory filing regarding stock transactions. It doesn't inherently convey positive or negative sentiment.

Future Outlook

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

Industry Context

This is a routine disclosure of stock-based compensation for a company executive, common in publicly traded companies.

Stakeholder Impact

• The transaction affects the beneficial ownership of PPG Industries stock, which is of interest to shareholders.
• The phantom stock units are part of the executive compensation package, impacting employee benefits.

Key Dates