Bellezza Alisha 4

What Happened

• Alisha Bellezza, Senior Vice President, Automotive Coatings at PPG Industries (PPG), received an award/acquisition of 0.756 derivative shares on 2026-05-15. The filing lists a per-share value of $102.64, giving a total reported value of about $78. The units are derivative (phantom stock units) rather than an open-market purchase.

Key Details

• Transaction date and filing: Transaction dated 2026-05-15; Form 4 filed 2026-05-18 (filed within the required 2-business-day window).
• Price/value: 0.756 shares × $102.64 = ~$78 (reported as a derivative acquisition).
• Shares owned after transaction: Not specified in the reported data.
• Footnotes: F1 — converts to common stock on a one-for-one basis; F3 — units are phantom stock units held in the PPG Deferred Compensation Plan (an unfunded unitized stock/cash fund whose share count can change with stock value); F2 referenced (payment/rights may apply after termination of employment).
• Transaction type code: A (award/grant) — not a market purchase or sale.

Context

• These were phantom stock units in PPG’s Deferred Compensation Plan (a derivative compensation vehicle). Such awards are typically compensation-related and do not necessarily signal insider buying/selling intent. They convert 1-for-1 to PPG common stock per the filing and may be paid or convert under plan terms (including provisions that can apply after employment ends).