PPG Sr. VP Alisha Bellezza Receives Award of 0.727 Shares

What Happened Alisha Bellezza, Senior Vice President of the Industrial Coatings segment at PPG Industries (PPG), was granted 0.727 derivative shares (a phantom/award-type unit) on 2026-09-30 at a reported per-share value of $104.33, for a total value of about $76. This was an award/grant (not an open-market purchase or sale), so it is a compensation-related issuance rather than a direct purchase signal.

Key Details

• Transaction date: 2026-09-30; filing date: 2026-10-01 (appears timely under Form 4 rules).
• Instrument: Derivative award (phantom stock/units) — 0.727 units at $104.33 per share = ~$76 total.
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: Security converts to common stock on a one-for-one basis.
  • F2: Reference to settlement/vesting "after termination of employment with PPG."
  • F3: Units are phantom stock units in the PPG Deferred Compensation Plan and reflect interests in an unfunded stock/cash fund; unit counts/value may change with the plan fund’s fair market value/cash balance.

Context This was a compensation award (derivative/phantom units) rather than a market purchase or sale, so it mainly reflects compensation/plan mechanics. Phantom units typically track the company’s stock value and may convert to actual shares or cash per plan terms; the filing’s footnotes note one-for-one conversion and that settlement mechanics may involve post-employment timing.