Bellezza Alisha 4

What Happened

• Alisha Bellezza, Senior Vice President, Automotive Coatings at PPG Industries, was granted 0.657 phantom stock units (derivative award) on 2026-04-15. The grant was recorded at $107.72 per share, a notional value of about $70.77 (rounded to $71). The filing (Form 4) was submitted on 2026-04-16.

Key Details

• Transaction type: Award/Grant (code A); treated as a derivative (phantom stock unit).
• Date of transaction: 2026-04-15; Form 4 filed: 2026-04-16 (timely).
• Price used: $107.72 per share; total notional value ≈ $70.77 (~$71).
• Shares owned after transaction: not specified in the filing.
• Footnotes of note:
  • F1: The phantom unit converts to common stock on a one-for-one basis.
  • F2: Conversion/distribution occurs after termination of employment.
  • F3: Units are part of the PPG Deferred Compensation Plan (phantom stock units reflect interests in a fund of stock and cash and may change in number/value without the reporting person’s action).

Context

• This is a small, non-cash deferred-compensation award (phantom stock), not an open-market purchase or sale; such awards are common for executive compensation and do not necessarily signal a personal buy/sell decision. The units are derivative interests and will convert or be paid out under plan rules (including post-termination distribution per F2).