PPG Industries (NYSE: PPG) awards 17.3319 phantom stock units to SVP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PPG Industries Inc reported that Senior VP, Legal & Special Projects, Anne M. Foulkes received a grant of 17.3319 phantom stock units tied to PPG common stock on 2026-07-15.
The units convert 1:1 into common shares after termination of employment, bringing her deferred plan holdings to 819.0918 phantom stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Foulkes Anne M.
Role
Sr. VP, Legal & Spl. Projects
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 17.332 | $115.31 | $2K |
Holdings After Transaction:
Phantom Stock Units — 819.092 shares (Direct)
Footnotes (1)
- The security converts to common stock on a one-for-one basis. After termination of employment with PPG. Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan. Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. 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.
Key Figures
Phantom stock units granted: 17.3319 units
Reference price per phantom unit: $115.31
Total phantom stock units held: 819.0918 units
+1 more
4 metrics
Phantom stock units granted
17.3319 units
Grant to Sr. VP Anne M. Foulkes on 2026-07-15
Reference price per phantom unit
$115.31
Price per unit for the 17.3319 phantom stock units granted
Total phantom stock units held
819.0918 units
Total phantom stock units in PPG Deferred Compensation Plan after the grant
Underlying common stock equivalent
17.3319 shares
Common stock equivalent on a one-for-one basis for this phantom unit grant
Key Terms
Phantom Stock Units, Deferred Compensation Plan, unfunded unitized company stock fund
3 terms
Phantom Stock Units financial
"Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Deferred Compensation Plan financial
"Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
unfunded unitized company stock fund financial
"Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash"
FAQ
What insider transaction did PPG (PPG) report for Anne M. Foulkes?
PPG reported that Senior VP Anne M. Foulkes received a grant of 17.3319 phantom stock units on July 15, 2026. These units are credited in the company’s deferred compensation plan and are tied to the value of PPG common stock on a one-for-one basis.
How many phantom stock units did Anne M. Foulkes receive from PPG (PPG) and at what price?
Anne M. Foulkes received 17.3319 phantom stock units with a reference price of $115.31 per unit. The units track PPG common stock value within the deferred compensation plan rather than representing immediately tradable shares of stock.
When do the PPG (PPG) phantom stock units for Anne M. Foulkes convert into common stock?
The phantom stock units convert into PPG common stock on a one-for-one basis after termination of employment with PPG. Until then, they remain as plan bookkeeping units whose value is linked to PPG’s stock and related cash in the unitized fund.
What is Anne M. Foulkes’ total phantom stock position at PPG (PPG) after this grant?
Following the reported grant, Anne M. Foulkes holds a total of 819.0918 phantom stock units in PPG’s Deferred Compensation Plan. This figure represents all phantom stock interests attributed to her in the plan after the July 15, 2026 transaction.
How does PPG (PPG) describe phantom stock units in its deferred compensation plan?
PPG states that phantom stock units represent interests in an unfunded unitized company stock fund made up of stock and cash. The number of units credited can change over time with PPG’s stock fair market value and the amount of cash in the fund.