PPG Industries Executive Acquires Phantom Stock Units via Deferred Compensation Plan

Executive Summary

On October 1, 2026, PPG Industries, Inc. ($PPG) filed a Form 4 detailing an acquisition by Alisha Bellezza, Senior Vice President of the Industrial Coatings Segment. On September 30, 2026, Bellezza acquired approximately 0.7267 phantom stock units at a price of $104.33 per unit, amounting to a total transaction value of roughly $75.82.

Transaction Details

• Security: Phantom Stock Units (converts to common stock on a 1-for-1 basis payable post-employment)
• Transaction Code: A (Award/Grant/Acquisition under an employee benefit plan)
• Volume: 0.7267 units
• Price per Unit: $104.33
• Total Consideration: $75.82
• Post-Transaction Beneficial Ownership: 169.5956 phantom stock units held directly

Strategic Context & Significance

This transaction represents an automatic or routine credit of phantom stock units under the PPG Industries, Inc. Deferred Compensation Plan, likely resulting from dividend reinvestment or periodic plan contributions. Due to the de minimis transaction amount ($75.82) and its routine nature, this filing carries Low trading significance and provides no meaningful signal regarding management's outlook or open-market sentiment.