Foulkes Anne M.

Anne M. Foulkes, Senior VP of Legal and Special Projects at PPG Industries (PPG), has filed 64 Form 4 transactions over the past year, but the pattern is overwhelmingly one of compensation-driven accumulation rather than discretionary buying. Every single transaction in the recent window is coded as an "A" grant or award—small, recurring share issuances tied to her compensation schedule, ranging from roughly $15 to $1,998 in value. These appear on a near-biweekly cadence, suggesting automatic dividend reinvestment or deferred stock unit credits rather than any active market timing. There are zero open-market purchases (code "P") in the entire history, meaning Foulkes has never voluntarily put fresh capital into PPG shares during this period. The only notable open-market sale came on February 20, 2026, when she disposed of $447,848 worth of PPG stock—the single largest transaction in the dataset. That sale was preceded two days earlier by a $163,005 tax-withholding event (code "F") tied to a vesting award, which is an automatic consequence of equity compensation rather than a discretionary decision. The sale itself, however, was a deliberate reduction of her position, and it dwarfs the roughly $58,846 in total acquired value from all the "A" grants combined. Since that February sale, her activity has reverted entirely to small compensation credits, with no further open-market selling or buying. The overall bias is clearly toward distribution, not accumulation. While the recurring grants keep her holdings topped up, the single large sale represents a decisive liquidity event that outweighs all acquisition activity by a factor of nearly eight. The absence of any "P" purchases, combined with the one substantial "S" trade, suggests Foulkes is using the equity compensation structure to harvest cash rather than build a larger stake. Her recent filings show no new selling since February, but the compensation-driven pattern remains unchanged: steady, small accretions punctuated by occasional large dispositions.