PPG (PPG) Sr. VP Alisha Bellezza Receives Phantom Stock Award

What Happened

• Alisha Bellezza, Senior Vice President, Automotive Coatings at PPG Industries, received a grant/award of 0.648 derivative shares on July 31, 2026. The award is reported at a per-share value of $110.52, totaling approximately $72. This was an award/acquisition (derivative) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-31; filing date: 2026-08-04 (filed within the reporting window).
• Instrument: Derivative award (phantom/plan units) — 0.648 units at $110.52 per share (total ≈ $72).
• Footnote F1: Each award converts to common stock on a one-for-one basis.
• Footnote F2: Conversion/settlement occurs after termination of employment (per the filing).
• Footnote F3: These are phantom stock units held in PPG’s Deferred Compensation Plan; they track a unitized stock/cash fund and the attributed share count may change with the fund’s fair market value and cash content.
• Shares owned after the transaction: not specified in the provided filing.

Context

• This was a small-value compensation award (phantom stock units) as part of deferred compensation, not an open-market purchase or sale. Phantom units typically reflect compensation and do not necessarily indicate a change in insider sentiment; they convert to common shares on a one-for-one basis and, per the filing, settlement timing is linked to post-employment rules.