[Form 4] PPG INDUSTRIES INC Insider Trading Activity
Anne M. Foulkes, Sr. VP and General Counsel of PPG Industries (PPG), reported an acquisition of phantom stock units tied to the company’s common stock. The report shows a transaction dated 09/15/2025 in which 16.8609 phantom stock units were acquired at a unit value of $109.45, and the reporting person holds a total of 625.2516 phantom stock units in PPG’s Deferred Compensation Plan. These phantom units convert to common stock on a one-for-one basis after termination of employment and represent interests in an unfunded unitized stock-and-cash fund whose credited share amount can change with fair market value and cash in the fund.
Anne M. Foulkes, Senior Vice President and General Counsel di PPG Industries (PPG), ha comunicato l'acquisizione di unità fantasma collegate alle azioni ordinarie della società. Il rapporto riporta una transazione datata 15/09/2025 in cui sono state acquisite 16,8609 unità di stock fantasma a un valore unitario di 109,45 USD, e la persona che segnala detiene in totale 625,2516 unità fantasma nel Piano di Compensazione Differita di PPG. Queste unità fantasma si convertono in azioni ordinarie in una base 1:1 dopo la cessazione del rapporto di lavoro e rappresentano interessi in un fondo non finanziato di azioni e contanti le cui quote accreditate possono variare in base al fair market value e al denaro nel fondo.
Anne M. Foulkes, Vicepresidenta Senior y Consejera General de PPG Industries (PPG), reportó la adquisición de unidades fantasma vinculadas a las acciones ordinarias de la empresa. El informe indica una transacción fechada el 15/09/2025 en la que se adquirieron 16,8609 unidades de stock fantasma a un valor unitario de 109,45 USD, y la persona informante posee un total de 625,2516 unidades fantasma en el Plan de Compensación Diferida de PPG. Estas unidades fantasma se convierten en acciones ordinarias 1:1 después de la terminación del empleo y representan participaciones en un fondo no financiado de acciones y efectivo cuyas cuotas acreditadas pueden cambiar con el valor razonable de mercado y el efectivo del fondo.
Anne M. Foulkes, PPG Industries의 수석 부사장 겸 최고법무책임자(Senior Vice President and General Counsel),가 회사의 보통주와 연계된 팬텀 주식 유닛의 취득을 보고했습니다. 보고서는 2025년 9월 15일자로 거래가 이루어졌으며 16.8609주당 팬텀 주식 유닛이 주당 109.45달러의 가치로 취득되었고 보고자인이는 PPG의 연금형 보상계획(Deferred Compensation Plan)에서 총 625.2516주의 팬텀 주식 유닛을 보유하고 있다고 합니다. 이 팬텀 유닛은 고용 종료 후 1대1 비율로 보통주로 전환되며, 비재정적이면서도 주식과 현금을 하나로 묶은 펀드에 대한 이로서 적립된 주식 수량은 펀드의 공정가치와 현금에 따라 변동될 수 있습니다.
Anne M. Foulkes, vice‑présidente principale et conseillère générale de PPG Industries (PPG), a signalé l'acquisition d'unités fantômes liées aux actions ordinaires de l'entreprise. Le rapport indique une opération datée du 15/09/2025 au cours de laquelle 16,8609 unités fantômes ont été acquises à une valeur unitaire de 109,45 USD, et la personne déclarant détient un total de 625,2516 unités fantômes dans le Plan de rémunération différée de PPG. Ces unités fantômes se convertissent en actions ordinaires à raison de 1 pour 1 après la fin de l'emploi et représentent des intérêts dans un fonds non financé d'actions et d'argent dont le montant des parts créditées peut changer en fonction de la valeur marchande et des liquidités du fonds.
Anne M. Foulkes, Senior Vice President und General Counsel von PPG Industries (PPG), berichtete über den Erwerb von Phantom-Aktieneinheiten, die an die Stammaktien des Unternehmens gebunden sind. Der Bericht weist eine Transaktion vom 15.09.2025 aus, bei der 16,8609 Phantom-Aktieneinheiten zu einem Stückwert von 109,45 USD erworben wurden, und die meldende Person hält insgesamt 625,2516 Phantom-Aktieneinheiten im PPG Deferred Compensation Plan. Diese Phantom-Einheiten werden nach Beendigung des Arbeitsverhältnisses eins zu eins in Stammaktien umgewandelt und stellen Anteile an einem nicht finanzierten Aktien- und Barfonds dar, dessen gutgeschriebene Anteile sich aufgrund des Marktwerts und des im Fonds vorhandenen Bargelds ändern können.
أعلنت آن م. فاولكس، نائب الرئيس الأول والمستشارة العامة لشركة PPG Industries (PPG)، عن شراء وحدات أسهم خيالية مرتبطة بأسهم الشركة العادية. يُظهر التقرير صفقة بتاريخ 15/09/2025 تم فيها شراء 16.8609 وحدة أسهم خيالية بقيمة وحدة قدرها 109.45 دولار، ويمتلك مقدم التقرير إجمالاً 625.2516 وحدة أسهم خيالية في خطة التعويض المؤجل لـ PPG. تتحول هذه الوحدات الخيالية إلى أسهم عادية بنسبة 1:1 بعد انتهاء العمل وتمثل مصالح في صندوق غير ممول من أسهم ونقد، يمكن أن تتغير حصصه المعتمدة وفقاً لقيمة السوق العادلة والنقد المتاح في الصندوق.
Anne M. Foulkes，PPG Industries（PPG）高级副总裁兼总法律顾问，报告称取得了与公司普通股相关联的幻影股票单位。 报告显示日期为 2025-09-15 的交易，取得 16.8609 单位的幻影股票，单位价值为 109.45 美元，报告人持有 PPG 的延期补偿计划中总计 625.2516 单位的幻影股票单位。这些幻影单位在雇佣关系终止后按1:1 转换为普通股，并代表一个未资金化的股票与现金基金中的权益，其记入的份额金额可能随基金中的公允价值和现金而变动。
- Disclosure of additional deferred equity: Acquisition of 16.8609 phantom stock units increases the reporting person’s alignment with shareholder value.
- Transparency on plan mechanics: Filing explains one-for-one conversion to common stock and that units track a stock-and-cash fund, aiding investor understanding of executive compensation exposure.
- None.
Insights
TL;DR: Routine insider disclosure: an officer received phantom stock units under the deferred compensation plan, a common executive compensation mechanism.
The Form 4 documents a non-derivative acquisition of 16.8609 phantom stock units by a senior officer, increasing her plan balance to 625.2516 units. Phantom stock units here convert one-for-one to common shares after employment termination and track a unitized fund of stock and cash. This is a standard filing to satisfy Section 16 reporting and provides transparency on senior management's deferred equity exposure but does not, by itself, indicate a change in control, a liquidity event, or a material shift in governance.
TL;DR: Compensation disclosure shows additional deferred equity credited at a market-linked unit value, consistent with executive pay practices.
The transaction lists an acquisition of 16.8609 phantom stock units valued at $109.45 per unit and explains the units represent an interest in an unfunded company stock fund. Such units preserve executive economic exposure to share performance without immediate share issuance and typically factor into long-term retention and post-employment payouts. The filing quantifies the officer’s aggregate plan holding (625.2516 units), useful for modelling potential future share delivery but not a direct current dilution event.
Anne M. Foulkes, Senior Vice President and General Counsel di PPG Industries (PPG), ha comunicato l'acquisizione di unità fantasma collegate alle azioni ordinarie della società. Il rapporto riporta una transazione datata 15/09/2025 in cui sono state acquisite 16,8609 unità di stock fantasma a un valore unitario di 109,45 USD, e la persona che segnala detiene in totale 625,2516 unità fantasma nel Piano di Compensazione Differita di PPG. Queste unità fantasma si convertono in azioni ordinarie in una base 1:1 dopo la cessazione del rapporto di lavoro e rappresentano interessi in un fondo non finanziato di azioni e contanti le cui quote accreditate possono variare in base al fair market value e al denaro nel fondo.
Anne M. Foulkes, Vicepresidenta Senior y Consejera General de PPG Industries (PPG), reportó la adquisición de unidades fantasma vinculadas a las acciones ordinarias de la empresa. El informe indica una transacción fechada el 15/09/2025 en la que se adquirieron 16,8609 unidades de stock fantasma a un valor unitario de 109,45 USD, y la persona informante posee un total de 625,2516 unidades fantasma en el Plan de Compensación Diferida de PPG. Estas unidades fantasma se convierten en acciones ordinarias 1:1 después de la terminación del empleo y representan participaciones en un fondo no financiado de acciones y efectivo cuyas cuotas acreditadas pueden cambiar con el valor razonable de mercado y el efectivo del fondo.
Anne M. Foulkes, PPG Industries의 수석 부사장 겸 최고법무책임자(Senior Vice President and General Counsel),가 회사의 보통주와 연계된 팬텀 주식 유닛의 취득을 보고했습니다. 보고서는 2025년 9월 15일자로 거래가 이루어졌으며 16.8609주당 팬텀 주식 유닛이 주당 109.45달러의 가치로 취득되었고 보고자인이는 PPG의 연금형 보상계획(Deferred Compensation Plan)에서 총 625.2516주의 팬텀 주식 유닛을 보유하고 있다고 합니다. 이 팬텀 유닛은 고용 종료 후 1대1 비율로 보통주로 전환되며, 비재정적이면서도 주식과 현금을 하나로 묶은 펀드에 대한 이로서 적립된 주식 수량은 펀드의 공정가치와 현금에 따라 변동될 수 있습니다.
Anne M. Foulkes, vice‑présidente principale et conseillère générale de PPG Industries (PPG), a signalé l'acquisition d'unités fantômes liées aux actions ordinaires de l'entreprise. Le rapport indique une opération datée du 15/09/2025 au cours de laquelle 16,8609 unités fantômes ont été acquises à une valeur unitaire de 109,45 USD, et la personne déclarant détient un total de 625,2516 unités fantômes dans le Plan de rémunération différée de PPG. Ces unités fantômes se convertissent en actions ordinaires à raison de 1 pour 1 après la fin de l'emploi et représentent des intérêts dans un fonds non financé d'actions et d'argent dont le montant des parts créditées peut changer en fonction de la valeur marchande et des liquidités du fonds.
Anne M. Foulkes, Senior Vice President und General Counsel von PPG Industries (PPG), berichtete über den Erwerb von Phantom-Aktieneinheiten, die an die Stammaktien des Unternehmens gebunden sind. Der Bericht weist eine Transaktion vom 15.09.2025 aus, bei der 16,8609 Phantom-Aktieneinheiten zu einem Stückwert von 109,45 USD erworben wurden, und die meldende Person hält insgesamt 625,2516 Phantom-Aktieneinheiten im PPG Deferred Compensation Plan. Diese Phantom-Einheiten werden nach Beendigung des Arbeitsverhältnisses eins zu eins in Stammaktien umgewandelt und stellen Anteile an einem nicht finanzierten Aktien- und Barfonds dar, dessen gutgeschriebene Anteile sich aufgrund des Marktwerts und des im Fonds vorhandenen Bargelds ändern können.
FAQ
What did Anne M. Foulkes report on Form 4 for PPG (PPG)?
When was the transaction in the Form 4 for PPG recorded?
How do the phantom stock units reported convert to PPG common stock?
What is the reported per-unit value for the phantom stock units?
Do the phantom stock units represent actual shares held in trust?
