Bellezza Alisha 4

What Happened

• Alisha Bellezza, Senior Vice President, Automotive Coatings at PPG Industries (PPG), received an award of 1.51 derivative shares on 2026-03-12. The grant is reported at a per-share value of $100.73, for a total reported value of approximately $152.
• This was an award/grant (transaction code A) of phantom stock units in PPG’s Deferred Compensation Plan rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-03-12; 1.51 shares at $100.73 per share (total ≈ $152).
• Transaction type: Grant / award of a derivative security (A).
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • F1: The security converts to common stock on a one-for-one basis.
  • F2: Relates to payment/coverage after termination of employment with PPG.
  • F3: These are phantom stock units in the PPG Deferred Compensation Plan; unit counts can change with the plan fund’s fair market value and cash balance.
• Timeliness: Filing appears timely (reporting period 2026-03-12, filed 2026-03-13).

Context

• This award represents deferred/phantom stock units (a derivative interest) rather than immediate ownership of common shares; such units typically track company stock value and are settled per plan rules (here with conversion one-for-one to common stock and with ties to post-employment treatment per F2).
• Grants are routine compensation for executives and do not by themselves indicate an intent to buy or sell common stock.