Bellezza Alisha 4

What Happened Alisha Bellezza, Senior Vice President, Automotive Coatings at PPG Industries (PPG), was granted a derivative award on 2026-06-15 consisting of 0.531 phantom stock units attributed at $121.53 per share, with a total reported value of $65. This was an award/grant (transaction code A), not an open‑market purchase or sale; the units represent a deferred compensation interest rather than immediately issued common stock.

Key Details

• Transaction date and terms: 2026-06-15 — 0.531 units @ $121.53 per share, total $65 (derivative award).
• Transaction type: Grant/Award (code A); not a purchase (P) or sale (S).
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1 — units convert to common stock on a one‑for‑one basis.
  • F2 — references timing after termination of employment.
  • F3 — units are phantom stock in PPG’s Deferred Compensation Plan (unfunded unitized stock/cash fund); unit counts/value may change with the company’s stock price and plan cash.
• Timeliness: Reported 2026-06-16 for a 2026-06-15 transaction (filed timely).

Context This was a small-value compensation award (about $65) of phantom units tied to PPG’s deferred compensation plan. Such derivative grants are common as part of executive compensation and represent future economic interest rather than an immediate purchase of shares; they are typically less informative about an insider’s market view than outright purchases or large sales.