Form 4: PPG Industries Executive Anne M. Foulkes Reports Changes in Beneficial Ownership
SEC Filing
Anne M. Foulkes, Sr. VP and General Counsel of PPG Industries, reported 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, which convert to common stock on a one-for-one basis after termination of employment.
- On March 15, 2024, Foulkes acquired 0.4778 phantom stock units at a price of $137.86.
- Following the transaction, Foulkes holds a total of 266.1172 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 a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock. This filing is typical for executives who receive stock-based compensation.
Stakeholder Impact
- Shareholders can use this information to understand the alignment of management's interests with their own.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction involving phantom stock units |
| 03/18/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.