Form 4: PPG Industries Executive Anne M. Foulkes Reports Phantom Stock Unit Acquisition

Anne M. Foulkes, Sr. VP and General Counsel of PPG Industries, reports the acquisition of phantom stock units convertible to common stock after termination of employment.

Summary

• Anne M. Foulkes, a Senior Vice President and General Counsel at PPG Industries, filed a Form 4 on June 14, 2024.
• The form reports a transaction on June 12, 2024, involving the acquisition of 1.4395 phantom stock units.
• These units are convertible to common stock on a one-for-one basis after termination of employment with PPG.
• The price of the derivative security is $130.41.
• Following the reported transaction, Foulkes beneficially owns 269.141 phantom stock units.
• These units are held directly and represent interests in an unfunded unitized company stock fund comprised of stock and cash.

Sentiment

Score: 5

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

Future Outlook

The phantom stock units will convert to common stock after termination of employment with PPG.

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