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.

Summary

• Anne M. Foulkes, a Senior Vice President and General Counsel at PPG Industries, Inc., filed a Form 4 on March 1, 2024, reporting a transaction on February 29, 2024.
• The transaction involved the acquisition of phantom stock units that convert to common stock on a one-for-one basis.
• Foulkes acquired 0.3131 phantom stock units at a price of $141.6 per unit, resulting in a total holding of 264.4393 phantom stock units.
• These phantom stock 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 related to executive compensation. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders. This filing indicates an executive's participation in a deferred compensation plan, which is a common practice in publicly traded companies.

Key Dates