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

Anne M. Foulkes, Sr. VP and General Counsel of PPG Industries, reports changes in beneficial ownership related to phantom stock units.

Summary

• Anne M. Foulkes, a Senior Vice President and General Counsel at PPG Industries, filed a Form 4 with the SEC.
• The filing reports changes in her beneficial ownership of PPG Industries' securities.
• The reported transaction involves phantom stock units that convert to common stock on a one-for-one basis after termination of employment.
• On May 15, 2024, Foulkes acquired 0.3703 phantom stock units at a price of $135.04, resulting in a total holding of 267.7015 phantom stock units.
• These phantom stock units are part of the PPG Industries, Inc. Deferred Compensation Plan and represent interests in an unfunded unitized company stock fund.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's securities. This filing indicates changes in the executive's holdings, which can be influenced by factors such as stock price fluctuations and deferred compensation plan dynamics.

Stakeholder Impact

• Shareholders may be interested in tracking insider transactions as an indicator of management's confidence in the company.

Key Dates