Bellezza Alisha 4

What Happened Alisha Bellezza, Senior Vice President — Automotive Coatings at PPG Industries (PPG), was granted a derivative award of 0.631 phantom shares on 2026-03-13. The award is reported at $101.89 per share for a total reported value of approximately $64. This was an award/grant (not an open-market purchase or sale) — a routine equity-based compensation event rather than a directional buy or sell.

Key Details

• Transaction date and price: 2026-03-13; 0.631 units at $101.89 each (total ~$64).
• Transaction type: A = Award/Grant (derivative/phantom stock unit).
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: The security converts to common stock on a one-for-one basis.
  • F2: Conversion/payment is subject to conditions after termination of employment.
  • F3: Units are "phantom stock" in PPG’s Deferred Compensation Plan (an unfunded unitized stock/cash fund; unit counts may change with stock value and cash in the fund).
• Filing: Reported on 2026-03-16 for a 2026-03-13 grant (filing date shown on the Form 4).

Context Phantom stock units are not immediate common shares — they represent a deferred, unitized interest tied to PPG stock and cash and typically pay out or convert per plan rules (here noted as one-for-one and subject to post-employment conditions). The dollar value of this specific grant is very small (~$64), indicating routine deferred compensation rather than a material insider purchase or sale.