Form 4: PPG Industries Executive 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 after termination of employment.

Summary

• Anne M. Foulkes, a Senior Vice President and General Counsel at PPG Industries, Inc., filed a Form 4.
• The form reports a transaction on March 14, 2025, where Ms. Foulkes acquired phantom stock units.
• These units convert to common stock on a one-for-one basis after termination of employment with PPG.
• The price of the derivative security was $113.47.
• Ms. Foulkes acquired 0.3331 phantom stock units.
• Following the reported transaction, Ms. Foulkes beneficially owns 484.7055 derivative securities.
• The phantom stock units are held in the PPG Industries, Inc. Deferred Compensation Plan and represent interests in an unfunded unitized company stock fund comprised of stock and cash.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It simply reports a transaction.

Future Outlook

The phantom stock units convert to common stock on a one-for-one basis after termination of employment with PPG.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment with shareholder interests.

Stakeholder Impact

• The acquisition of phantom stock units by a company executive can align their interests with those of shareholders, as the value of the units is tied to the company's stock performance.

Key Dates