Form 4: PPG Industries Executive Reports Acquisition of Phantom Stock Units
SEC Filing
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 VP and General Counsel at PPG Industries, filed a Form 4 indicating changes in beneficial ownership.
- The report details the acquisition of phantom stock units that convert to common stock on a one-for-one basis after termination of employment.
- On March 29, 2024, Foulkes acquired 0.3451 phantom stock units at a price of $144.9.
- Following the transaction, Foulkes directly owns 266.2865 phantom stock units.
- These units are held in 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 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
| Date | Description |
|---|---|
| 03/29/2024 | Date of transaction: Acquisition of phantom stock units. |
| 04/02/2024 | Date of report filing. |
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