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PPG Industries VP granted 0.6425 phantom stock units

PPG INDUSTRIES INC (PPG) reported that officer Alisha Bellezza, Sr.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

PPG INDUSTRIES INC (PPG) reported that officer Alisha Bellezza, Sr. VP, Industrial Coatings Segment, acquired 0.6425 Phantom Stock Units linked to PPG common stock under the company’s Deferred Compensation Plan on 2026-08-31. These units convert into common stock on a one-for-one basis after termination of employment with PPG.

Following this grant, Bellezza now holds a total of 166.8299 Phantom Stock Units in the Deferred Compensation Plan. The footnotes state that these units represent interests in an unfunded unitized company stock fund of PPG stock and cash, and that the number of units may change over time based on the fair market value of PPG common stock and cash in the fund, without her direct action.

Positive

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Negative

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Insider Bellezza Alisha
Role Sr. VP, Ind Coatings Segment
Type Security Shares Price Value
Grant/Award Phantom Stock Units F1, F2, F3 0.6425 $112.17 $72.07
Holdings After Transaction: Phantom Stock Units — 166.8299 contracts (Direct)
Footnotes (3)
  1. F1. The security converts to common stock on a one-for-one basis.
  2. F2. After termination of employment with PPG.
  3. F3. Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan. Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund.
Phantom Stock Units acquired 0.6425 units Grant/award acquisition on 2026-08-31
Price per Phantom Stock Unit $112.1700 per unit Transaction price per unit for the 0.6425 units granted
Total Phantom Stock Units after transaction 166.8299 units Total phantom stock units held in the Deferred Compensation Plan following the grant
Underlying common stock shares per unit 1 share per unit Phantom Stock Units convert to common stock on a one-for-one basis
Phantom Stock Units financial
"Phantom stock units represent interests in an unfunded unitized company stock fund"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Deferred Compensation Plan financial
"held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
unfunded unitized company stock fund financial
"represent interests in an unfunded unitized company stock fund comprised of stock and cash"

FAQ

What insider transaction did PPG (PPG) report for Alisha Bellezza on this Form 4?
PPG reported that officer Alisha Bellezza acquired 0.6425 Phantom Stock Units tied to PPG common stock on 2026-08-31 as a grant or award under the PPG Industries, Inc. Deferred Compensation Plan.

How many Phantom Stock Units in total does Alisha Bellezza hold at PPG (PPG)?
After the reported transaction, Alisha Bellezza holds a total of 166.8299 Phantom Stock Units in the PPG Industries, Inc. Deferred Compensation Plan, representing her entire phantom stock position reported in this filing.

What is the conversion rate of Bellezza’s Phantom Stock Units at PPG (PPG)?
Each Phantom Stock Unit converts into PPG common stock on a one-for-one basis. Conversion occurs after termination of employment with PPG, according to the footnotes describing the terms of the phantom units.

When do the Phantom Stock Units for Alisha Bellezza at PPG (PPG) convert to common stock?
The Phantom Stock Units convert into PPG common stock after termination of employment with PPG. Until that time, they remain as phantom units within the company’s Deferred Compensation Plan.

Why can the number of Phantom Stock Units held by Bellezza at PPG (PPG) change over time?
The filing states that Phantom Stock Units represent interests in a unitized company stock fund of stock and cash. The number of units attributed to Bellezza may change without her action based on the fair market value of PPG common stock and the amount of cash in the fund.

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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Bellezza Alisha
(Last)(First)(Middle)
PPG INDUSTRIES, INC.
ONE PPG PLACE
(Street)
PITTSBURGH PENNSYLVANIA 15272
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
PPG INDUSTRIES INC [ PPG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Sr. VP, Ind Coatings Segment
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units(1)08/31/2026A0.6425 (2) (2)Common Stock0.6425$112.17166.8299(3)D
Explanation of Responses:
1. The security converts to common stock on a one-for-one basis.
2. After termination of employment with PPG.
3. Total of all phantom stock units held by the reporting person in the PPG Industries, Inc. Deferred Compensation Plan. Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash. The number of shares attributed to the reporting person as a Plan participant may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund.
Remarks:
/s/ Greg E. Gordon, Attorney-in-Fact for Alisha E. Bellezza09/01/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR