Bellezza Alisha 4

What Happened

• Alisha Bellezza, Senior Vice President, Automotive Coatings at PPG Industries (PPG), received a derivative award of 0.566 phantom stock units on 2026-03-31 (transaction code A). The units were valued at $106.88 each for a total reported value of approximately $61. This was an award/grant (not an open-market purchase or sale).

Key Details

• Transaction date and price: 2026-03-31; 0.566 units @ $106.88 each; total ~$61.
• Transaction type: Award/Grant of phantom stock units (derivative), reported on Form 4.
• Shares owned after transaction: Not disclosed in the provided filing.
• Filing timeliness: Reported on 2026-04-01 (next-business-day filing), so filing appears timely.
• Notable footnotes from the filing:
  • F1: The security converts to common stock on a one-for-one basis.
  • F2: Settlement may occur after termination of employment.
  • F3: These are phantom stock units in PPG’s Deferred Compensation Plan, representing interests in an unfunded unitized stock-and-cash fund; unit counts/value can change based on share price and fund cash.

Context

• This was a compensation-related derivative award (phantom units) rather than a direct stock purchase. Such awards are routine forms of executive compensation and may be settled in stock or cash per plan terms; they do not by themselves signal a buy/sell decision.