PPG Sr. VP Alisha Bellezza Receives Award of 0.64 Shares

What Happened
Alisha Bellezza, Senior Vice President of the Industrial Coatings segment at PPG Industries (PPG), received a grant/award on 2026-08-31 of 0.643 derivative shares valued at $112.17 per share (total value ≈ $72). The transaction is reported as an award/grant (code A) and is a derivative/phantom stock unit rather than an open-market purchase.

Key Details

• Transaction date: 2026-08-31; reported as an award (A).
• Quantity and value: 0.643 shares × $112.17 = ~$72 (reported as a derivative).
• Shares owned after transaction: not specified in this filing.
• Footnotes of note:
  • F1: The security converts to common stock on a one-for-one basis.
  • F2: Conversion/settlement occurs after termination of employment with PPG.
  • F3: The units are phantom stock units held in the PPG Deferred Compensation Plan; their credited share count/value can change based on the plan fund’s mix of stock and cash.
• Timeliness: filing shows the transaction date and report period (no late filing flag noted).

Context
This is a routine compensation award under a deferred compensation plan (phantom stock units). Such awards are not the same as open-market purchases (which some investors view as stronger bullish signals) and are typically part of executive pay/retention programs. The reported amount is small (~$72) and therefore not material on its own.