Form 4: PPG Executive Acquires Phantom Stock Units

Alisha Bellezza, Sr. VP of Automotive Coatings at PPG Industries, acquired 0.5662 phantom stock units as part of a deferred compensation plan.

Summary

• Alisha Bellezza, Senior Vice President of Automotive Coatings at PPG Industries, Inc., acquired 0.5662 phantom stock units on March 31, 2026.
• These phantom stock units convert to common stock on a one-for-one basis and are part of the PPG Industries, Inc. Deferred Compensation Plan.
• The price of the derivative security at the time of acquisition was $106.88 per unit.
• Following this transaction, Bellezza beneficially owns a total of 159.8879 phantom stock units in the plan.
• The units become exercisable after termination of employment with PPG.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, reflecting ongoing executive participation in the company's long-term incentive plans, which aligns management interests with shareholder value.

Positives

• The acquisition of phantom stock units indicates continued participation by a key executive in the company's long-term incentive and deferred compensation plans.
• This transaction aligns the executive's financial interests with the long-term performance of PPG Industries' common stock.

Future Outlook

The phantom stock units will become exercisable after the termination of employment with PPG. The number of shares attributed to the reporting person as a Plan participant may change over time based on the fair market value of the issuer's common stock and the amount of cash in the fund.

Industry Context

StockSavvy.ai notes that insider transactions, even small ones related to compensation plans, provide insight into executive compensation structures and long-term incentives within the chemicals and coatings industry. Deferred compensation plans are common tools for executive retention and aligning management interests with shareholder value.

Comparison to Industry Standards

• This type of phantom stock unit acquisition as part of a deferred compensation plan is a standard executive compensation mechanism within large industrial companies.
• Companies like Sherwin-Williams (SHW) and AkzoNobel (AKZA.AS) also commonly utilize various forms of equity-based deferred compensation plans to incentivize their senior management, aligning their interests with long-term company performance.
• The specific structure of phantom stock units provides equity exposure without immediate share issuance, a common approach to manage dilution while offering long-term incentives.

Related Party Transactions

• Acquisition of 0.5662 phantom stock units by Alisha Bellezza, Senior VP of Automotive Coatings, as part of the PPG Industries, Inc. Deferred Compensation Plan.

Stakeholder Impact

• Shareholders: The transaction aligns the executive's long-term financial interests with the company's stock performance, potentially fostering decisions that enhance shareholder value.
• Employees: No direct impact on the broader employee base beyond the executive.

Next Steps

• The phantom stock units will convert to common stock on a one-for-one basis upon the reporting person's termination of employment with PPG.

Key Dates

Recommendation

This Form 4 filing details a routine acquisition of phantom stock units by a Senior VP as part of a deferred compensation plan. Such transactions are common and generally do not indicate a significant change in the company's fundamental outlook or warrant a change in investment recommendation. It primarily reflects ongoing executive compensation and alignment.

Keywords

PPG, PPG Industries, Alisha Bellezza, Form 4, Insider Transaction, Phantom Stock Units, Deferred Compensation, Executive Compensation, Automotive Coatings