PPG Industries (NYSE: PPG) SVP adds phantom stock units under plan

Rhea-AI Filing Summary

PPG Industries senior vice president Alisha Bellezza, who leads Automotive Coatings, reported a small change in her deferred equity holdings. On January 15, 2026, she acquired 0.4138 Phantom Stock Units at $110.07 per unit, coded as an acquisition of a derivative security. After this transaction she beneficially owned 155.9206 Phantom Stock Units directly.

The Phantom Stock Units are held in the PPG Industries, Inc. Deferred Compensation Plan

01/16/2026 - 11:23 AM

SEC Form 4

FORM 4

UNITED 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
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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 PA 15272

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PPG INDUSTRIES INC [ PPG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. VP, Automotive Coatings

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units	(1)	01/15/2026		A		0.4138		(2)	(2)	Common Stock	0.4138	$110.07	155.9206(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. Bellezza	01/16/2026
	** Signature of Reporting Person	Date
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.

FAQ

What insider transaction did PPG (PPG) report for Alisha Bellezza?

Alisha Bellezza, Sr. VP, Automotive Coatings at PPG Industries, reported an acquisition of 0.4138 Phantom Stock Units on January 15, 2026, under a deferred compensation arrangement.

How many Phantom Stock Units does Alisha Bellezza hold after this Form 4?

After the reported transaction, Alisha Bellezza beneficially owned 155.9206 Phantom Stock Units directly in the PPG Industries, Inc. Deferred Compensation Plan.

What are PPG Industries Phantom Stock Units as described in this filing?

The Phantom Stock Units represent interests in an unfunded unitized company stock fund that holds PPG stock and cash. Each unit converts into one share of PPG common stock, and the number of units can change with the fair market value of the stock and the cash in the fund.

When do Alisha Bellezza’s Phantom Stock Units in PPG convert to common stock?

The filing states that the Phantom Stock Units convert to PPG common stock on a one-for-one basis and are payable after termination of employment with PPG.

Is Alisha Bellezza’s ownership of these PPG Phantom Stock Units direct or indirect?

The Form 4 identifies the ownership of the 155.9206 Phantom Stock Units as direct, with no separate entity listed for indirect beneficial ownership.

Does the number of PPG Phantom Stock Units held by Alisha Bellezza stay fixed?

No. The filing notes that the number of Phantom Stock Units attributed to her as a plan participant may change from time to time without her volition, depending on PPG’s stock price and the amount of cash in the fund.