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PPG Industries (NYSE: PPG) grants phantom stock units to senior VP

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

Rhea-AI Filing Summary

PPG Industries executive Anne M. Foulkes, Senior Vice President, Legal & Special Projects, received an award of 15.7222 Phantom Stock Units tied to PPG common stock at a reference price of $121.53 per unit. Following this grant, she holds 785.7780 phantom stock units in total.

The phantom units convert into PPG common stock on a one-for-one basis after her termination of employment. They represent interests in an unfunded unitized company stock fund invested in PPG stock and cash, so the attributed unit balance can change with stock value and fund cash levels.

Positive

  • None.

Negative

  • None.
Insider Foulkes Anne M.
Role Sr. VP, Legal & Spl. Projects
Type Security Shares Price Value
Grant/Award Phantom Stock Units 15.722 $121.53 $2K
Holdings After Transaction: Phantom Stock Units — 785.778 shares (Direct, null)
Footnotes (1)
  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.
Phantom stock units granted 15.7222 units Grant to Anne M. Foulkes on 2026-06-15
Reference price per unit $121.53 per unit Phantom Stock Units tied to PPG common stock
Total phantom units after grant 785.7780 units Total Phantom Stock Units held by Anne M. Foulkes
Conversion ratio 1 unit : 1 share Phantom units convert to PPG common stock
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."
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Form 4 Insider Transactions: What Each Field Means →
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
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)
06/15/2026		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)06/15/2026A15.7222 (2) (2)Common Stock15.7222$121.53785.778(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. Foulkes06/16/2026
** 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

FAQ

What insider transaction did PPG (PPG) report for Anne M. Foulkes?

PPG reported that Senior Vice President Anne M. Foulkes received 15.7222 Phantom Stock Units. These units track PPG common stock at a reference price of $121.53 per unit and increased her total phantom stock holdings to 785.7780 units under a deferred compensation plan.

What are Phantom Stock Units in PPG (PPG)’s deferred compensation plan?

PPG’s Phantom Stock Units represent interests in an unfunded unitized company stock fund holding PPG stock and cash. They track the fair market value of PPG common stock, so the number of units attributed to a participant can change as stock prices and fund cash levels fluctuate.

When do PPG (PPG) Phantom Stock Units convert into common stock?

The Phantom Stock Units convert into PPG common stock on a one-for-one basis after the executive’s termination of employment with PPG. This means each unit becomes one share of common stock, providing deferred, stock-linked compensation rather than immediate share delivery during employment.

How many Phantom Stock Units does Anne M. Foulkes hold after this PPG (PPG) grant?

After the latest award of 15.7222 Phantom Stock Units, Anne M. Foulkes holds a total of 785.7780 phantom units. These are maintained within the PPG Industries, Inc. Deferred Compensation Plan and fluctuate in attributed amount based on stock price and cash in the unitized fund.

Does the PPG (PPG) Phantom Stock Unit balance change without executive action?

Yes. The filing notes that the number of Phantom Stock Units attributed to a participant may change without the executive’s volition. Changes depend on the fair market value of PPG’s common stock and the amount of cash held in the unfunded unitized company stock fund.