Bellezza Alisha 4

What Happened

• Alisha Bellezza, Senior Vice President, Automotive Coatings at PPG Industries (PPG), received a grant/award of 0.58 shares (reported as a derivative award) on 2026-06-30. The award was valued using a fair-market price of $121.29 per share, for a total reported value of approximately $70.
• This was an award/compensation grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-01 (appears timely).
• Reported amount: 0.58 shares at $121.29 per share; total value ≈ $70.
• Security type: Derivative (phantom stock unit) — not immediate open-market stock.
• Footnotes:
  • F1: The derivative security converts to common stock on a one-for-one basis.
  • F2: Some aspect of the award/settlement applies after termination of employment.
  • F3: The units are part of PPG’s Deferred Compensation Plan (phantom stock units that track a stock/cash fund).
• Shares owned after transaction: not specified in the filing.

Context

• This award reflects a compensation/Deferred Compensation Plan credit (phantom stock units) rather than a cash purchase or sale. Phantom units track the company stock value and may convert or be settled according to plan terms (per F1–F3).
• The value is small (~$70) and typical for routine compensation adjustments; such grants are generally administrative and do not by themselves indicate insider buying or selling intent.