PPG SVP granted 1.3 phantom stock units in plan

A senior vice president at PPG INDUSTRIES INC received a small phantom stock unit award under the company’s deferred compensation plan.

Rhea-AI Filing Summary

PPG INDUSTRIES INC (PPG) reported that senior vice president Alisha Bellezza received an award of 1.3071 Phantom Stock Units on September 11, 2026. These units convert into an equal number of PPG common shares on a one-for-one basis after termination of employment and are held within a deferred compensation plan. Following this award, Bellezza holds 168.1370 Phantom Stock Units representing interests in an unfunded unitized company stock fund tied to PPG stock and cash.

Insider Trade Summary

Grant/Award: 1.3071 shares

Grant/Award 1 txn

Insider Bellezza Alisha

Role Sr. VP, Ind Coatings Segment

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units F1, F2, F3	1.3071	$105.50	$137.90

Holdings After Transaction: Phantom Stock Units — 168.137 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.

Key Figures

Phantom Stock Units awarded: 1.3071 units Reference price per Phantom Stock Unit: $105.50 per unit Total Phantom Stock Units after transaction: 168.1370 units +2 more

5 metrics

Phantom Stock Units awarded 1.3071 units Grant to Alisha Bellezza on September 11, 2026

Reference price per Phantom Stock Unit $105.50 per unit Price field reported for the September 11, 2026 award

Total Phantom Stock Units after transaction 168.1370 units Balance in PPG Industries, Inc. Deferred Compensation Plan after award

Conversion ratio 1 unit for 1 share Each Phantom Stock Unit converts into one PPG common share

Underlying common shares for this award 1.3071 shares Underlying PPG common stock associated with the Phantom Stock Units granted

Key Terms

Phantom Stock Units, Deferred Compensation Plan, unfunded, unitized company stock fund

4 terms

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

"Total of all phantom stock units 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 financial

"Phantom stock units represent interests in an unfunded unitized company stock fund"

unitized company stock fund financial

"Phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did PPG (PPG) report for Alisha Bellezza on this Form 4?

The filing reports an award of 1.3071 Phantom Stock Units to senior vice president Alisha Bellezza on September 11, 2026, as a grant-type acquisition under PPG’s deferred compensation plan.

How do the Phantom Stock Units reported for PPG (PPG) convert into common stock?

The Phantom Stock Units convert into PPG common stock on a one-for-one basis, meaning each unit corresponds to one share of common stock upon conversion, as disclosed in the footnotes.

When can the Phantom Stock Units for PPG (PPG) be converted or paid out?

The filing states that the Phantom Stock Units become payable or convertible to common stock after termination of employment with PPG, linking payout timing to the end of the reporting person’s employment.

What is Alisha Bellezza’s total Phantom Stock Unit balance at PPG (PPG) after this award?

After this award, Alisha Bellezza holds a total of 168.1370 Phantom Stock Units in the PPG Industries, Inc. Deferred Compensation Plan, representing her interests in the plan’s unitized company stock fund.

How is the value of PPG (PPG) Phantom Stock Units determined in the deferred compensation plan?

Phantom stock units represent interests in an unfunded unitized company stock fund of PPG stock and cash. The number of units attributed can change based on the fair market value of PPG common stock and the amount of cash in the fund.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/14/2026 - 02:14 PM Accepted by SEC EDGAR 09/14/2026 - 02:14 PM Learn about SEC filing dates

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
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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2026

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

X	Form 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)
			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)	09/11/2026		A		1.3071		(2)	(2)	Common Stock	1.3071	$105.5	168.137(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	09/14/2026
	** 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.
* Form 4: SEC 1474 (03-26)