Foulkes Anne M. 4

What Happened

• Anne M. Foulkes, Senior Vice President, Legal & Special Projects at PPG Industries, received a grant/award of 7.291 derivative shares on March 12, 2026. The award is reported at $100.73 per share for a total reported value of approximately $734. This was an award/derivative acquisition (Form 4 code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-12; Filing date: 2026-03-13 (filed the next day).
• Amount: 7.291 derivative shares at $100.73 each; total reported value ≈ $734.
• Transaction type: Award/Grant of derivative units (code A).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: The derivative security converts to common stock on a one-for-one basis.
  • F2: Indicates settlement/conversion timing tied to termination of employment.
  • F3: These are phantom stock units in PPG’s Deferred Compensation Plan — an unfunded unitized stock/cash fund whose attributed units can change with PPG’s fair market value and cash in the fund.

Context

• This is a standard compensation award (phantom stock units) rather than a market trade; such awards compensate executives and may vest or settle under plan terms (here, with potential settlement timing tied to employment termination). Awards are routine and do not alone indicate insider sentiment about the stock.