Form 4: PPG Industries: Sr. VP and General Counsel Reports Acquisition of Phantom Stock Units

Anne M. Foulkes, Sr. VP and General Counsel of PPG Industries, reports the acquisition of 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 3, 2025.
• The form reports a transaction that occurred on February 28, 2025, where Ms. Foulkes acquired 0.8426 phantom stock units.
• These units convert to common stock on a one-for-one basis after termination of employment with PPG.
• The price of the derivative security was $113.22.
• Following the reported transaction, Ms. Foulkes beneficially owns 481.421 phantom stock units through the PPG Industries, Inc. Deferred Compensation Plan.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any explicit positive or negative sentiment about the company's performance or prospects.

Future Outlook

The phantom stock units will convert to common stock on a one-for-one basis after termination of employment with PPG.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. This filing indicates an executive's participation in a deferred compensation plan.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The transaction reflects part of the executive's compensation package.

Key Dates