Form 4: PPG Industries Senior VP Acquires Phantom Stock Units in Deferred Compensation Plan

Anne M. Foulkes, Senior Vice President and General Counsel of PPG Industries Inc., reported the acquisition of 15.5864 phantom stock units as part of the company's deferred compensation plan.

Summary

• Anne M. Foulkes, Senior Vice President and General Counsel of PPG Industries Inc., reported a transaction involving phantom stock units.
• On June 30, 2025, 15.5864 phantom stock units were acquired by Ms. Foulkes.
• The acquisition price for these units was $113.75 per unit.
• Following this transaction, the total beneficial ownership of phantom stock units by Ms. Foulkes in the PPG Industries, Inc. Deferred Compensation Plan is 538.5058 units.
• These phantom stock units convert to common stock on a one-for-one basis and become exercisable after termination of employment.
• The number of shares attributed to a participant in the Deferred Compensation Plan may fluctuate based on the fair market value of PPG's common stock and the cash held within the fund.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock units by a senior executive is generally a positive indicator, as it aligns the executive's long-term financial interests with the company's stock performance. This type of transaction, part of a deferred compensation plan, reflects a standard component of executive remuneration.

Positives

• The acquisition of phantom stock units by a senior executive indicates continued alignment of management's interests with shareholder value, as these units convert to common stock.
• Participation in the Deferred Compensation Plan suggests a long-term commitment by the executive to the company's performance.

Negatives

• No specific negative aspects are reported in this Form 4 filing, which details an acquisition of phantom stock units.

Risks

• The value and number of phantom stock units held by the reporting person are subject to fluctuations based on the fair market value of PPG Industries Inc.'s common stock and the cash balance within the unfunded unitized company stock fund.

Future Outlook

The phantom stock units will convert to common stock on a one-for-one basis and become exercisable upon the termination of employment with PPG. The total number of units held can fluctuate based on the fair market value of PPG's common stock and the cash balance within the deferred compensation fund.

Management Comments

• No direct management comments or quotes are provided in this Form 4 filing, which is a transactional report.

Industry Context

This Form 4 filing details an individual executive's compensation transaction and does not provide information directly related to broader industry trends or competitive landscape for PPG Industries Inc.

Comparison to Industry Standards

• This Form 4 filing reports a specific executive compensation transaction and does not contain information that allows for a direct comparison to industry-wide executive compensation standards or specific comparable companies, projects, or results.

Management Changes

Corporate Governance

Legal Proceedings

• No legal proceedings or regulatory matters are mentioned in this Form 4 filing.

Related Party Transactions

• The acquisition of phantom stock units occurred through the PPG Industries, Inc. Deferred Compensation Plan, which constitutes a related party transaction as it involves an executive and the company's compensation scheme.

Stakeholder Impact

• Shareholders: The transaction aligns the interests of a senior executive with shareholders, as the value of the phantom stock units is tied to the company's common stock performance, potentially encouraging long-term value creation.

Next Steps

• The phantom stock units will convert to common stock and become exercisable upon the reporting person's termination of employment with PPG.
• The total number of phantom stock units held may fluctuate based on the fair market value of PPG's common stock and the cash balance within the deferred compensation fund.

Key Dates

Keywords

PPG Industries, PPG, Form 4, SEC filing, insider transaction, phantom stock, deferred compensation, executive compensation, Anne M. Foulkes, stock units