PPG executive awarded phantom stock units

PPG Industries senior vice president of Automotive Coatings Alisha Bellezza reported a compensation-related grant of 0.6310 phantom stock units tied to PPG common stock at a reference price of $101.8900 per unit.

Rhea-AI Filing Summary

PPG Industries senior vice president of Automotive Coatings Alisha Bellezza reported a compensation-related grant of 0.6310 phantom stock units tied to PPG common stock at a reference price of $101.8900 per unit. Following this award, she holds 159.3217 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.

The phantom stock units convert into common stock on a one-for-one basis after termination of employment with PPG. They represent interests in an unfunded company stock fund of stock and cash, so the number of units attributed to her can change over time with market value and cash levels in the fund.

Insider Trade Summary

Grant/Award: 0.631 shares

Grant/Award 1 txn

Insider Bellezza Alisha

Role Sr. VP, Automotive Coatings

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	0.631	$101.89	$64.29

Holdings After Transaction: Phantom Stock Units — 159.3217 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.

FAQ

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

Alisha Bellezza reported receiving a grant of 0.6310 phantom stock units tied to PPG common stock at $101.8900 per unit. After this grant, she holds a total of 159.3217 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.

How many PPG phantom stock units does Alisha Bellezza now hold?

After the reported transaction, Alisha Bellezza holds 159.3217 phantom stock units in PPG’s Deferred Compensation Plan. This total reflects the newly granted 0.6310 units plus her existing balance, all referenced to PPG common stock within an unfunded unitized stock and cash fund.

How do PPG phantom stock units convert into common stock for Alisha Bellezza?

The phantom stock units convert into PPG common stock on a one-for-one basis after termination of Bellezza’s employment with PPG. Until then, they function as notional interests in a unitized company stock fund rather than actual shares held in a traditional brokerage account.

Why can the number of PPG phantom stock units attributed to Alisha Bellezza change?

The filing explains that phantom stock units represent interests in a unitized company stock fund of stock and cash. As PPG’s stock price and the fund’s cash level change, the number of units attributed to Bellezza may vary over time without any action by her.

What role does Alisha Bellezza hold at PPG in relation to this Form 4 filing?

Alisha Bellezza is identified as a senior vice president, Automotive Coatings, at PPG Industries. The Form 4 reflects a compensation-related award of phantom stock units linked to PPG common stock, reported in her capacity as a company officer subject to insider reporting rules.

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Accepted by SEC EDGAR 03/16/2026 - 11:12 AM 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 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)
03/13/2026

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)	03/13/2026		A		0.631		(2)	(2)	Common Stock	0.631	$101.89	159.3217(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	03/16/2026
	** 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.