Form 4: PPG Industries Senior VP Acquires Additional Phantom Stock Units

Anne M. Foulkes, Senior Vice President and General Counsel of PPG Industries, acquired 15.7462 phantom stock units on May 30, 2025, as part of the company's deferred compensation plan.

Summary

• Anne M. Foulkes, the Senior Vice President and General Counsel of PPG Industries Inc. (PPG), reported a transaction involving phantom stock units.
• On May 30, 2025, Ms. Foulkes acquired 15.7462 phantom stock units.
• These units were acquired at a price of $110.8 per unit.
• Following this transaction, Ms. Foulkes beneficially owns a total of 502.346 phantom stock units.
• The phantom stock units convert to common stock on a one-for-one basis.
• These units become exercisable after the termination of employment with PPG.
• Phantom stock units represent interests in an unfunded unitized company stock fund, which comprises both stock and cash.
• The number of shares attributed to a participant in the plan can fluctuate based on the fair market value of PPG's common stock and the amount of cash within the fund, without the participant's direct volition.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates an executive's continued participation in the company's long-term incentive plans, aligning their interests with shareholders. However, it's a routine compensation event rather than a direct investment decision.

Positives

• The acquisition of phantom stock units aligns the interests of a senior executive with those of shareholders, as the value of these units is tied to the company's common stock performance.
• Participation in a deferred compensation plan indicates a long-term commitment by the executive to the company.

Negatives

• The transaction is an acquisition of phantom stock units through a deferred compensation plan, not a direct open market purchase, which might be viewed differently by some investors.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future performance or outlook. It solely reports an executive's transaction in company securities.

Industry Context

This filing is a routine disclosure of an executive's compensation-related transaction, common across publicly traded companies. Deferred compensation plans involving phantom stock units are a standard component of executive remuneration packages, designed to retain talent and align executive interests with long-term shareholder value.

Stakeholder Impact

• Shareholders: The transaction indicates continued alignment of executive interests with shareholder value through equity-based compensation.
• Employees: No direct impact on general employees is indicated by this filing.

Key Dates

Keywords

PPG Industries, PPG, Form 4, Insider Transaction, Executive Compensation, Phantom Stock Units, Deferred Compensation Plan, Anne M. Foulkes