PPG (PPG) senior VP receives grant of phantom stock units in plan
Rhea-AI Filing Summary
PPG Industries senior vice president Anne M. Foulkes received a small compensation-related grant of phantom stock units tied to the company’s common stock. She acquired 0.5946 phantom stock units at a reference price of $107.72 per unit, increasing her total phantom stock holdings in the deferred compensation plan to 765.8144 units.
Each phantom stock unit is designed to convert into one share of PPG common stock on a one-for-one basis after termination of employment. The units represent interests in an unfunded company stock fund made up of PPG stock and cash, so the number of units attributed to her may change over time with movements in PPG’s share price and cash levels in the fund. This is not an open-market stock purchase or sale, but part of a deferred compensation arrangement.
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 | 0.5946 | $107.72 | $64.05 |
Holdings After Transaction:
Phantom Stock Units — 765.8144 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 units granted: 0.5946 units
Reference price per unit: $107.72 per unit
Total phantom units after grant: 765.8144 units
+1 more
4 metrics
Phantom units granted
0.5946 units
Grant on April 15, 2026
Reference price per unit
$107.72 per unit
Value used for phantom stock grant
Total phantom units after grant
765.8144 units
Holdings in PPG deferred compensation plan
Conversion ratio
1 unit : 1 share
Each phantom unit converts into one PPG common share
Key Terms
Phantom Stock Units, Deferred Compensation Plan, unfunded unitized company stock fund
3 terms
Phantom Stock Units financial
"The security converts to common stock on a one-for-one basis."
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."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did PPG (PPG) executive Anne Foulkes report in this Form 4 filing?
Anne Foulkes reported receiving 0.5946 phantom stock units as compensation. The units are valued at a reference price of $107.72 and increase her total phantom stock holdings in PPG’s deferred compensation plan to 765.8144 units, all tied to PPG common stock performance.
Are the PPG (PPG) phantom stock units an open-market stock purchase or sale?
No, the phantom stock units are not an open-market transaction. They are a grant under PPG’s deferred compensation plan, representing units linked to a company stock fund of PPG shares and cash, rather than actual shares bought or sold on the market.
How do PPG (PPG) phantom stock units convert into common stock?
Each phantom stock unit converts into one share of PPG common stock on a one-for-one basis. According to the filing, this conversion occurs after the executive’s termination of employment with PPG, aligning the deferred compensation with the company’s long-term share performance.
What is Anne Foulkes’ total phantom stock position in PPG’s deferred compensation plan?
After the reported grant, Anne Foulkes holds 765.8144 phantom stock units in PPG’s deferred compensation plan. These units track the value of an unfunded, unitized company stock fund, which consists of PPG common stock and cash, so attributed units may fluctuate over time.
Why can the number of PPG (PPG) phantom stock units change without the executive’s action?
The filing explains that phantom stock units represent interests in an unfunded, unitized company stock fund of PPG stock and cash. As the fair market value of PPG common stock and the cash balance change, the number of units attributed to the participant may adjust without any voluntary transaction.