PPG Sr. VP Alisha Bellezza Receives Award (0.485 shares)

What Happened
Alisha Bellezza, Senior Vice President, Automotive Coatings at PPG Industries, received an award of 0.485 shares on 2026-08-14. The filing values the award using a per-share price of $114.11, for a total reported value of $55. This transaction is an award/acquisition (not an open-market purchase or sale) and represents a derivative interest rather than a direct transfer of common stock.

Key Details

• Transaction date and type: 2026-08-14 — Grant/Award (Code A).
• Reported price basis: $114.11 per share; total value reported $55 (derivative).
• Shares owned after transaction: not specified in this filing.
• Notable footnotes:
  • F1: The security converts to common stock on a one-for-one basis.
  • F2: References settlement/conditions after termination of employment.
  • F3: Units are phantom stock units in the PPG Deferred Compensation Plan (an unfunded unitized fund of stock and cash whose attributed share count can change with the stock’s fair market value).
• Filing timeliness: Reported on 2026-08-17 for the 2026-08-14 transaction; filing appears to be within the SEC two-business-day requirement.

Context
This was a company award of phantom stock units (deferred compensation) rather than a market purchase or sale, so it reflects compensation/plan activity rather than an immediate insider bet on the stock. Footnote F3 explains these are phantom units that track company stock and cash in a deferred plan; F1 indicates they convert one-for-one to common shares when/if settled.