PPG Sr. VP Alisha Bellezza Receives Award

What Happened

Alisha Bellezza, Senior Vice President of the Industrial Coatings segment at PPG Industries (PPG), was granted a derivative award of 1.307 shares on September 11, 2026. The award was valued at $105.50 per share for a total reported value of approximately $138. This was an award/grant (not an open-market purchase or sale) and represents a compensation-related credit rather than a direct cash purchase or sale of common stock.

Key Details

• Transaction date: 2026-09-11; Filing date: 2026-09-14 (filed timely).
• Transaction type: Award/Grant (derivative) — 1.307 shares at $105.50 each; total ≈ $138.
• Shares owned after transaction: not specified in the Form 4.
• Notable footnotes:
  • F1: The security converts to common stock on a one-for-one basis.
  • F2: Conversion/payout may occur after termination of employment.
  • F3: These are phantom stock units in PPG’s Deferred Compensation Plan (units track a fund of stock and cash and may change in number/value over time).
• Transaction code: A (award/grant); no sale or purchase code.

Context

This award appears to be a compensation/phantom stock unit grant that tracks PPG’s common stock value and may convert or be settled later (potentially upon termination, per footnote). Such grants are common for executives and do not by themselves indicate a buy/sell signal from the insider; purchases tend to be more informative for market sentiment.