Bellezza Alisha 4

What Happened Alisha Bellezza, Senior Vice President, Automotive Coatings at PPG Industries (PPG), received a grant of 0.42 derivative shares (an award) on May 29, 2026. The filing values the award at $112.98 per share, for a total reported value of about $47. This was an award/grant (not a market purchase or sale) tied to PPG’s deferred compensation/phantom stock arrangements.

Key Details

• Transaction date: 2026-05-29; Price used for valuation: $112.98 per share; total value ≈ $47.
• Transaction type: Award/Grant (derivative instrument), code A on Form 4.
• Shares owned after transaction: Not specified in the excerpt of the filing.
• Notable footnotes:
  • F1: The derivative security converts to common stock on a one-for-one basis upon settlement.
  • F2: Settlement/conversion occurs after termination of employment.
  • F3: The units are phantom stock units in PPG’s Deferred Compensation Plan and represent interests in a unitized fund; unit counts/value may change with the plan’s fund performance.
• Filing timeliness: Filed 2026-06-01 for a 2026-05-29 transaction — the Form 4 was filed within the SEC’s reporting window (not a late filing).

Context This was a small-value deferred-compensation award (phantom stock unit) rather than an open-market buy or sale. Phantom units are bookkeeping interests that track company stock value and typically convert or pay out later (here, after employment ends). Awards like this are common as part of executive compensation and do not, by themselves, indicate the insider is buying or selling company stock on the open market.