Form 4: PPG Industries Executive Acquires Phantom Stock Units

Alisha Bellezza, Senior Vice President of Automotive Coatings at PPG Industries, acquired 0.6589 phantom stock units, bringing her total holdings to 73.9899 units.

Summary

• Alisha Bellezza, Senior Vice President of Automotive Coatings at PPG Industries, acquired 0.6589 phantom stock units.
• The transaction date for this acquisition was July 31, 2025.
• Following this transaction, Ms. Bellezza beneficially owns a total of 73.9899 phantom stock units.
• Phantom stock units convert to common stock on a one-for-one basis.
• These units are convertible after the termination of employment with PPG.
• The phantom stock units represent interests in an unfunded unitized company stock fund, which comprises both stock and cash.
• The number of shares attributed to a participant in the plan can change based on the fair market value of PPG's common stock and the amount of cash in the fund, without the participant's direct volition.
• The common stock price referenced for the underlying security is $105.5.

Sentiment

Score: 5

Explanation: The filing is neutral, detailing a routine executive compensation transaction without indicating significant positive or negative operational or financial news for the company.

Risks

• The value of phantom stock units is subject to fluctuations based on the fair market value of PPG Industries, Inc.'s common stock.

Future Outlook

Phantom stock units held by the reporting person are scheduled to convert to common stock on a one-for-one basis after the termination of employment with PPG Industries.

Industry Context

This filing represents a routine disclosure of executive compensation in the form of phantom stock units, a common practice in publicly traded companies to align executive interests with shareholder value, particularly within the industrial and materials sectors like automotive coatings.

Stakeholder Impact

• Shareholders: Minor, as this is a routine compensation disclosure and does not represent a significant change in outstanding shares or company strategy.
• Employees: No direct impact beyond the reporting person's compensation structure.

Next Steps

• Conversion of phantom stock units to common stock upon termination of employment with PPG.

Key Dates

Keywords

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