Foulkes Anne M. 4

What Happened

• Anne M. Foulkes, Senior Vice President, Legal & Special Projects at PPG Industries, received an award of 0.441 shares (derivative security) on January 30, 2026. The award was priced at $115.63 per share, for a reported value of about $51. This was an award/grant (not an open-market purchase or sale).

Key Details

• Transaction date and price: 2026-01-30; 0.441 shares at $115.63 per share; total reported value ~$51. (Transaction code A — award/grant.)
• Security type: Derivative award that converts to common stock on a one-for-one basis (Footnote F1).
• Shares owned after transaction: Not specified on the Form 4 filing.
• Notable footnotes:
  • F1: Award converts to common stock 1:1 upon conversion.
  • F2: Reference to payment/rights after termination of employment.
  • F3: Units may represent phantom stock units in PPG’s Deferred Compensation Plan (value and credited units can change with stock price and cash in the fund).
• Filing timeliness: Form filed 2026-02-02 for a 2026-01-30 transaction — filed within the standard two-business-day deadline.

Context

• This was a small derivative award likely tied to compensation or deferred-compensation plan mechanics (phantom stock units), not an open-market buy or sale. Derivative/phantom units may convert to common shares later and their reported count or value can fluctuate with PPG’s stock price; the filing does not indicate immediate sale or cashless exercise.