Bellezza Alisha 4

What Happened

• Alisha Bellezza, Senior Vice President, Automotive Coatings at PPG Industries, received an award/acquisition of 0.213 derivative shares on 2026-02-13. The report values the award at $131.34 per share, for a total notional value of about $28.
• This was an award of a derivative interest (not an open-market purchase). Such awards are typically compensation-related rather than an outright cash purchase of common stock.

Key Details

• Transaction date: 2026-02-13; Filing date: 2026-02-18 (filed late relative to the transaction).
• Transaction type/code: A (award/acquisition); derivative security reported.
• Price/value: $131.34 per share; total value ≈ $28 for 0.213 shares.
• Shares owned after transaction: Not specified in the filing summary provided.
• Notable footnotes from the filing:
  • F1: The derivative security converts to common stock on a one-for-one basis.
  • F3: The units are part of the PPG Deferred Compensation Plan (phantom stock units representing interests in a fund of stock and cash; unit counts can change with fair market value and cash).
  • F2: References conversion/rights that may apply after termination of employment.
• Timeliness: The Form 4 was filed five days after the transaction date (appears late); late filings can trigger additional scrutiny or explanations but do not by themselves imply wrongdoing.

Context

• This was a small, compensation-related derivative award (phantom/ deferred stock unit), not an open-market buy or sale of common shares. Such awards are routine for executives and may vest or convert under plan rules (including after employment ends). Because the award is derivative and of minimal value (~$28), it conveys little standalone information about the insider’s view of the company’s stock.