Form 4: PPG Industries Executive Acquires Phantom Stock Units

Alisha Bellezza, Senior Vice President of Automotive Coatings at PPG Industries, acquired 0.5444 phantom stock units at a price of $114.29 per unit.

Summary

• Alisha Bellezza, Sr. VP, Automotive Coatings at PPG Industries, Inc., acquired 0.5444 phantom stock units.
• The transaction occurred on July 15, 2025, at a price of $114.29 per unit.
• Following this acquisition, Ms. Bellezza beneficially owns a total of 73.331 phantom stock units.
• Phantom stock units convert to common stock on a one-for-one basis after termination of employment.
• The total number of phantom stock units held can fluctuate based on the fair market value of PPG common stock and the cash in the fund, without the volition of the reporting person.

Sentiment

Score: 6

Explanation: Slightly positive as an insider acquired units, indicating continued alignment with the company, though the amount is very small and likely part of a compensation plan.

Positives

• An executive acquired additional phantom stock units, which generally aligns their interests with shareholder value.

Future Outlook

The phantom stock units are convertible to common stock on a one-for-one basis after the termination of employment with PPG. The total number of units held may change based on the fair market value of the issuer's common stock and the amount of cash in the fund.

Industry Context

This Form 4 filing is a routine disclosure of an insider's change in beneficial ownership and does not provide broader industry context or trends for the automotive coatings sector or the chemicals industry.

Stakeholder Impact

• Shareholders: Minor positive signal due to insider acquisition, but the small amount limits significant impact.

Next Steps

• Phantom stock units will convert to common stock upon termination of employment with PPG.

Key Dates

Keywords

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