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PPG (PPG) senior VP granted new Phantom Stock Units in Form 4

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

Rhea-AI Filing Summary

PPG Industries senior vice president Anne M. Foulkes reported an acquisition of derivative-based compensation. She received a grant of 0.9399 Phantom Stock Units at a reference price of $123.27 per unit, increasing her total holdings in the PPG Deferred Compensation Plan to 757.4620 units, which convert into common stock on a one-for-one basis after termination of employment.

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Insider Foulkes Anne M.
Role Sr. VP, Legal & Spl. Projects
Type Security Shares Price Value
Grant/Award Phantom Stock Units 0.94 $123.27 $115.86
Holdings After Transaction: Phantom Stock Units — 757.462 shares (Direct)
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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED 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 PA 15272
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PPG INDUSTRIES INC [ PPG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Sr. VP, Legal & Spl. Projects
3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Units (1) 02/27/2026 A 0.9399 (2) (2) Common Stock 0.9399 $123.27 757.462(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. Foulkes 03/02/2026
** Signature of Reporting Person Date
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.

Source: View Original Filing on SEC EDGAR

FAQ

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

PPG reported that Anne M. Foulkes acquired 0.9399 Phantom Stock Units as a grant under a deferred compensation plan. These units increase her total plan holdings to 757.4620 units, representing rights tied to a unitized PPG stock fund.

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

Phantom Stock Units in PPG’s deferred compensation plan represent interests in an unfunded unitized company stock fund of PPG stock and cash. Their value changes with PPG’s stock price and fund cash levels, and they are ultimately settled in common stock on a one-for-one basis.

At what price were Anne M. Foulkes’ PPG (PPG) Phantom Stock Units granted?

Anne M. Foulkes’ 0.9399 Phantom Stock Units were recorded at $123.27 per unit. This price is used as a reference for the derivative award and reflects the value attributed to each unit in the deferred compensation plan at the time of the grant.

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

The Phantom Stock Units reported for Anne M. Foulkes convert into PPG common stock on a one-for-one basis after termination of employment with PPG. Until then, they remain as notional units within the company’s deferred compensation plan, tracking stock and cash values.

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

After this grant, Anne M. Foulkes holds a total of 757.4620 Phantom Stock Units in PPG’s deferred compensation plan. This total may change over time based on PPG’s stock price and the cash allocation within the unitized company stock fund.

Does the PPG (PPG) Form 4 reflect a stock market purchase or sale by Anne M. Foulkes?

The Form 4 reflects a grant or award acquisition of Phantom Stock Units, not an open-market stock purchase or sale. The units are part of a deferred compensation arrangement tied to PPG’s stock, settling in common shares after employment ends.