PPG Industries Sr. VP Alisha Bellezza Acquires Phantom Stock Units via Deferred Compensation Plan

Insider Transaction Analysis: PPG Industries, Inc. ($PPG)

Summary of Transaction

On September 15, 2026, Alisha Bellezza, Senior Vice President of the Industrial Coatings Segment at PPG Industries, Inc., acquired 0.7319 phantom stock units at a price of $104.89 per unit, representing a total transaction value of approximately $76.77.

Following this transaction, Bellezza holds a total of 168.8689 phantom stock units directly.

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Transaction Details

• Security: Phantom Stock Units (convertible 1-for-1 to Common Stock upon termination of employment)
• Transaction Code: A (Grant, award, or other acquisition)
• Shares Acquired: 0.7319
• Price Per Share: $104.89
• Total Consideration: ~$76.77
• Direct/Indirect: Direct
• Post-Transaction Holdings: 168.8689 phantom stock units

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Context & Plan Details

According to the filing footnotes:

• The phantom stock units are held in the PPG Industries, Inc. Deferred Compensation Plan.
• Phantom stock units represent interests in an unfunded unitized company stock fund containing stock and cash, converting to common stock on a one-for-one basis following termination of employment.
• These fractional unit allocations typically occur on a routine, non-discretionary basis via dividend reinvestment or standard deferred compensation crediting.

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Trading Significance

• Significance Level: Low
• Rationale: This is a routine, de minimis transaction of fractional phantom stock units under an executive deferred compensation program. It does not indicate an open-market discretionary purchase or sale and carries no meaningful market sentiment signal.