Form 4: PPG Industries Executive Anne M. Foulkes Reports Changes in Beneficial Ownership

Anne M. Foulkes, Sr. VP and General Counsel of PPG Industries, reported a transaction involving phantom stock units converting to common stock.

Summary

• Anne M. Foulkes, a Senior Vice President and General Counsel at PPG Industries, filed a Form 4 with the SEC.
• The filing reports a transaction involving phantom stock units.
• On June 28, 2024, Foulkes acquired 5.6763 phantom stock units, which convert to common stock on a one-for-one basis after termination of employment with PPG.
• The price of the derivative security was $125.89.
• Following the reported transaction, Foulkes beneficially owns 274.8173 phantom stock units.
• These units are held directly and represent interests in an unfunded unitized company stock fund comprised of stock and cash within the PPG Industries, Inc. Deferred Compensation Plan.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates