Form 4: PPG Industries Executive Reports Acquisition of Phantom Stock Units

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

Summary

• Anne M. Foulkes, a Senior Vice President and General Counsel at PPG Industries, Inc., filed a Form 4 on April 1, 2025, reporting a transaction.
• The transaction involved the acquisition of 0.5884 phantom stock units on March 31, 2025, at a price of $109.35 per unit.
• These phantom stock units are convertible to common stock on a one-for-one basis after termination of employment with PPG.
• Following the reported transaction, Foulkes beneficially owns 485.2939 phantom stock units through the PPG Industries, Inc. Deferred Compensation Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard insider transaction. It indicates confidence from the executive but doesn't provide specific positive or negative signals about the company's overall performance.

Positives

• The acquisition of phantom stock units aligns the executive's interests with the company's long-term performance.
• The deferred compensation plan provides a mechanism for executives to accumulate company stock over time.

Risks

• The value of the phantom stock units is tied to the performance of PPG's common stock, which is subject to market fluctuations.
• The executive can only convert the phantom stock units to common stock after termination of employment, which introduces uncertainty.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates an executive's continued investment in the company's future.

Stakeholder Impact

• The transaction signals to shareholders that a key executive is invested in the company's long-term success.

Key Dates

Keywords

Form 4, PPG Industries, Phantom Stock Units, Beneficial Ownership, Executive Compensation, Anne M. Foulkes