Bellezza Alisha 4

What Happened

• Alisha Bellezza, Senior Vice President, Automotive Coatings at PPG Industries, was granted 0.612 derivative/award units on February 27, 2026. The units are reported at $123.27 per share, for a reported aggregate value of $75. This transaction is recorded as an award/grant (transaction code A), not a market purchase or sale.

Key Details

• Transaction date and price: 2026-02-27; 0.612 units @ $123.27 each; total reported value $75.
• Nature of units: derivative/phantom stock units (see footnotes) that convert to common stock on a one-for-one basis (Footnote F1).
• Plan context: units appear to be held in PPG’s Deferred Compensation Plan as phantom stock units representing interests in an unfunded unitized stock/cash fund; the credited number can change with the fund’s fair market value and cash (Footnote F3).
• Timing/filing: Form 4 filed 2026-03-02 — within the typical 2 business-day reporting window following the Feb 27 transaction (timely).
• Shares owned after transaction: not specified in the provided filing details.

Context

• This was an award/grant of derivative (phantom) units rather than an open-market buy or a sale, so it does not directly signal a personal cash investment or disposition. Footnotes indicate conversion mechanics and that some payout/vesting may relate to post-employment provisions; these awards are commonly part of executive compensation and deferred compensation arrangements.