Bellezza Alisha 4

What Happened

• Alisha Bellezza, Senior Vice President, Automotive Coatings at PPG Industries (PPG), received a derivative award on 2026-01-30: 0.435 shares at an attributable price of $115.63 per share, totaling $50. The award is reported as a derivative/phantom stock acquisition (code A).

Key Details

• Transaction date: 2026-01-30; Filing date (Form 4): 2026-02-02 (filed timely).
• Price/value: $115.63 per share; total reported value $50.
• Shares received: 0.435 phantom/derivative shares (converts to common stock on a one-for-one basis — F1).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 (one-for-one conversion to common stock); F3 (units are phantom stock units in the PPG Deferred Compensation Plan — unfunded interests that track stock and cash). F2 references post-termination treatment.
• Transaction type: Award/grant (routine compensation), not an open-market purchase or sale.

Context

• Phantom stock units are part of a deferred compensation plan and represent a claim on the economic value of shares rather than immediate issued common stock; they typically do not convey voting rights until converted and are often used for executive compensation.
• The reported dollar amount is small ($50), suggesting a routine plan credit rather than a material insider investment signal.