PPG Sr. VP Alisha Bellezza Receives 0.716 Phantom Shares

What Happened

• Alisha Bellezza, Senior Vice President, Automotive Coatings at PPG Industries (PPG), received an award/other acquisition of 0.716 derivative shares on 2026-07-15. The transaction is reported at $115.31 per share, for a notional value of approximately $83.
• This was an award (derivative/phantom stock unit), not an open-market purchase or sale. Such grants are typically compensation-related rather than a direct cash purchase of common stock.

Key Details

• Transaction date and price: 2026-07-15; 0.716 units @ $115.31 per share (total ~$83).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes of note:
  • F1: The security converts to common stock on a one-for-one basis.
  • F2: Refers to terms that apply after termination of employment with PPG.
  • F3: These units are phantom stock units in PPG’s Deferred Compensation Plan (unfunded unitized stock fund of stock and cash; value can change without the reporting person’s action).
• Filing timeliness: Form filed 2026-07-16 reporting the 2026-07-15 transaction; filing appears timely (no late filing indicated).

Context

• Phantom stock/phantom unit grants represent rights to the economic value of PPG stock (and sometimes cash) and are common elements of executive compensation; they do not necessarily reflect immediate buying or selling intent.
• The grant value here is small (~$83), so this single award is not a material insider purchase signal for investors.