PPG Industries (NYSE: PPG) awards phantom stock units to senior VP
Rhea-AI Filing Summary
Foulkes Anne M. reported acquisition or exercise transactions in this Form 4 filing.
PPG Industries Inc. reported that Sr. VP, Legal & Special Projects Anne M. Foulkes received a grant of 17.5994 phantom stock units, each valued at $110.5200 and convertible into common stock on a one-for-one basis after termination of employment.
Following this award, she holds 836.6912 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan, an unfunded unitized company stock fund of stock and cash whose unit balance can change with the fair market value of PPG common stock and cash in the fund.
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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 F1, F2, F3 | 17.5994 | $110.52 | $2K |
Holdings After Transaction:
Phantom Stock Units — 836.6912 shares (Direct)
Footnotes (3)
- F1. The security converts to common stock on a one-for-one basis.
- F2. After termination of employment with PPG.
- F3. 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: 17.5994 units
Grant value per unit: $110.5200 per unit
Total phantom stock units after grant: 836.6912 units
+1 more
4 metrics
Phantom stock units granted
17.5994 units
Grant to Anne M. Foulkes on 2026-07-31
Grant value per unit
$110.5200 per unit
Value assigned to the phantom stock unit grant
Total phantom stock units after grant
836.6912 units
Deferred Compensation Plan holdings after the July 31, 2026 grant
Underlying common stock equivalence
1-for-1
Each phantom stock unit converts into one share of common stock
Key Terms
Phantom stock units, Deferred Compensation Plan, unfunded unitized company stock fund, fair market value
4 terms
Phantom stock units financial
"Phantom stock units represent interests in an unfunded unitized company stock fund"
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
"interests in an unfunded unitized company stock fund comprised of stock and cash"
fair market value financial
"may change from time to time depending on the fair market value of the issuer's common stock"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Anne M. Foulkes report in the PPG (PPG) Form 4 filing?
Anne M. Foulkes reported receiving a grant of 17.5994 phantom stock units linked to PPG common stock. Each unit was valued at $110.5200, increasing her total holdings in the company’s Deferred Compensation Plan to 836.6912 phantom stock units after the transaction.
How many phantom stock units does Anne M. Foulkes hold after this PPG (PPG) transaction?
After this grant, Anne M. Foulkes holds 836.6912 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan. This figure represents the total phantom stock units attributed to her as a plan participant following the July 31, 2026 award.
At what value were the phantom stock units granted in the PPG (PPG) Form 4?
The reported grant to Anne M. Foulkes was valued at $110.5200 per phantom stock unit for 17.5994 units. These phantom stock units are linked to PPG common stock and convert into an equal number of shares on a one-for-one basis after employment ends.
When can Anne M. Foulkes’ PPG (PPG) phantom stock units convert into common stock?
The phantom stock units convert into PPG common stock after termination of employment with PPG. According to the disclosure, each phantom stock unit converts on a one-for-one basis, meaning one phantom stock unit becomes one share of PPG common stock at that time.
How do phantom stock units work in PPG (PPG)’s Deferred Compensation Plan?
PPG’s phantom stock units represent interests in an unfunded unitized company stock fund invested in stock and cash. The number of units attributed to Anne M. Foulkes may change based on the fair market value of PPG common stock and cash in the fund, without her action.