Form 4: PPG Industries Executive Reports Phantom Stock Acquisition

Anne M. Foulkes, Sr. VP of PPG Industries, acquired 0.5946 phantom stock units through the company's deferred compensation plan.

Summary

• Anne M. Foulkes, Senior Vice President, Legal & Special Projects at PPG Industries, acquired 0.5946 phantom stock units.
• The transaction occurred on April 15, 2026, at a price of $107.72 per unit.
• The acquisition was made through the PPG Industries, Inc. Deferred Compensation Plan.
• Following this transaction, the reporting person holds a total of 765.8144 phantom stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing reflecting standard executive compensation activity.

Positives

• Continued alignment of executive interests with company performance through participation in the deferred compensation plan.

Negatives

• None identified; this is a routine administrative transaction related to compensation.

Risks

• The value of phantom stock units is subject to fluctuations in the fair market value of PPG common stock.

Future Outlook

The phantom stock units will convert to common stock on a one-for-one basis following the termination of the reporting person's employment with PPG.

Management Comments

• The reporting person confirms that phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash.

Industry Context

StockSavvy.ai notes that routine acquisitions of phantom stock via deferred compensation plans are standard corporate governance practices for senior executives to maintain long-term equity exposure without immediate tax implications.

Comparison to Industry Standards

• The transaction is consistent with standard executive compensation practices at large-cap industrial firms like Sherwin-Williams or AkzoNobel.
• Participation in deferred compensation plans is a common retention tool for senior leadership in the chemical and coatings industry.

Stakeholder Impact

• Minimal impact on shareholders as this is a small-scale internal compensation adjustment.

Next Steps

• No specific future actions required by the reporting person other than continued participation in the plan.

Key Dates

Keywords

PPG, Form 4, Insider Trading, Phantom Stock, Deferred Compensation, Executive Compensation