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PPG Industries SVP granted 17.3672 phantom units

PPG INDUSTRIES INC (PPG) reported that officer Anne M. Foulkes, Sr.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

PPG INDUSTRIES INC (PPG) reported that officer Anne M. Foulkes, Sr. VP, Legal & Special Projects, received a grant of 17.3672 Phantom Stock Units on August 31, 2026. These units convert into an equal number of common shares after termination of employment and are held in PPG’s Deferred Compensation Plan, bringing her total phantom units there to 870.3884.

Positive

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Negative

  • None.
Insider Foulkes Anne M.
Role Sr. VP, Legal & Spl. Projects
Type Security Shares Price Value
Grant/Award Phantom Stock Units F1, F2, F3 17.3672 $112.17 $2K
Holdings After Transaction: Phantom Stock Units — 870.3884 contracts (Direct)
Footnotes (3)
  1. F1. The security converts to common stock on a one-for-one basis.
  2. F2. After termination of employment with PPG.
  3. 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.
Phantom Stock Units granted 17.3672 units Grant to Anne M. Foulkes on August 31, 2026
Transaction price per Phantom Stock Unit $112.1700 per unit Value used for the August 31, 2026 grant
Total Phantom Stock Units after transaction 870.3884 units Total phantom stock units held in the Deferred Compensation Plan after grant
Underlying common stock shares 17.3672 shares Phantom Stock Units convert to common stock on a one-for-one basis
Phantom Stock Units financial
"Total of all phantom stock units held by the reporting person"
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
"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
"represent 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.

FAQ

What insider transaction did PPG (PPG) report for Anne M. Foulkes?
Anne M. Foulkes received a grant of 17.3672 Phantom Stock Units on August 31, 2026, as a derivative award that converts into common stock on a one-for-one basis after termination of employment.

What are the terms of the Phantom Stock Units reported at PPG (PPG)?
The reported Phantom Stock Units convert to PPG common stock on a one-for-one basis. They are payable after termination of employment and are held in the PPG Industries, Inc. Deferred Compensation Plan.

What is Anne M. Foulkes’ total Phantom Stock Unit balance at PPG (PPG) after this grant?
After the reported grant, Anne M. Foulkes holds a total of 870.3884 Phantom Stock Units in the PPG Industries, Inc. Deferred Compensation Plan, representing interests in an unfunded unitized company stock fund of stock and cash.

What price per unit was used for the Phantom Stock Unit grant at PPG (PPG)?
The Phantom Stock Unit grant to Anne M. Foulkes used a value of $112.17 per unit for the 17.3672 units reported, as indicated by the transaction price per unit field.

Does this PPG (PPG) Form 4 involve a stock sale by Anne M. Foulkes?
No. The Form 4 reports a grant/acquisition of 17.3672 Phantom Stock Units and no sales or dispositions. It is a compensation-related derivative award rather than a market sale of PPG common stock.

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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
X
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Foulkes Anne M.
(Last)(First)(Middle)
PPG INDUSTRIES, INC.
ONE PPG PLACE
(Street)
PITTSBURGH PENNSYLVANIA 15272
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
PPG INDUSTRIES INC [ PPG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Sr. VP, Legal & Spl. Projects
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units(1)08/31/2026A17.3672 (2) (2)Common Stock17.3672$112.17870.3884(3)D
Explanation of Responses:
1. The security converts to common stock on a one-for-one basis.
2. After termination of employment with PPG.
3. 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.
Remarks:
/s/ Greg E. Gordon, Attorney-in-Fact for Anne M. Foulkes09/01/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR