Foulkes Anne M. 4

What Happened

• Anne M. Foulkes, Senior Vice President, Legal & Special Projects at PPG Industries, received a grant/award of 0.141 derivative shares on March 31, 2026. The report lists a per-share value of $106.88, for a total reported value of $15. The transaction is recorded as an "A" (award/acquisition) of a derivative security.

Key Details

• Transaction date and price: 2026-03-31; 0.141 shares at $106.88 per share (total $15).
• Filing date: 2026-04-01 (Form 4 accession 0000079879-26-000123) — appears timely relative to the transaction.
• Shares owned after transaction: not specified in the provided filing details.
• Notable footnotes:
  • F1: The security converts to common stock on a one-for-one basis.
  • F2: Language notes applicability "after termination of employment with PPG" (as stated in the filing).
  • F3: The award is part of PPG’s Deferred Compensation Plan as phantom stock units — these represent interests in an unfunded stock/cash fund and can change with the fund’s value.
• Transaction type: Derivative award (not an open-market purchase or sale).

Context

• This was a small, non-cash award (phantom stock unit) tracked as a derivative; such units provide economic exposure tied to company stock value and may convert to common shares per the filing. The reported dollar amount ($15) is immaterial for most investors and typically reflects routine compensation or plan allocations rather than an insider trading signal.