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.

Summary

• On March 12, 2024, Anne M. Foulkes, Sr. VP and General Counsel of PPG Industries, reported a transaction involving phantom stock units.
• Foulkes acquired 1.2001 phantom stock units at a price of $141.31.
• These units convert to common stock on a one-for-one basis after termination of employment with PPG.
• Following the reported transaction, Foulkes beneficially owns 265.6394 phantom stock units.
• The phantom stock 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 convey any particular positive or negative sentiment about the company's performance or prospects.

Future Outlook

The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund.

Industry Context

This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock and related instruments.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock units within a deferred compensation plan.

Key Dates