Alisha Bellezza, Senior Vice President of the Industrial Coatings Segment at PPG Industries, Inc., filed a Form 4 on November 2, 2026, disclosing an acquisition of phantom stock units on October 30, 2026.

Key Highlights

  • Reporting person: Alisha Bellezza, identified in the filing as Sr. VP, Ind Coatings Segment at PPG Industries, Inc.
  • Security acquired: 14.8305 Phantom Stock Units in the PPG Industries, Inc. Deferred Compensation Plan, acquired on October 30, 2026.
  • Price per unit: $119.52, per the filing.
  • Total phantom stock units held: 201.0404 units following the reported transaction, held directly.
  • Conversion terms: According to the filing, the phantom stock units convert to common stock on a one-for-one basis, exercisable after termination of employment with PPG.
  • Plan note: The filing states that the number of shares attributed to the reporting person "may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's common stock and the amount of cash in the fund."

Bellezza Phantom Stock Unit Acquisition in PPG Deferred Compensation Plan

According to the Form 4 filed with the U.S. Securities and Exchange Commission on November 2, 2026, Alisha Bellezza, who serves as Senior Vice President of the Industrial Coatings Segment at NYSE:PPG PPG Industries, Inc., acquired 14.8305 Phantom Stock Units on October 30, 2026, at a price of $119.52 per unit. The transaction code recorded is "A," indicating an acquisition. The filing was signed by Greg E. Gordon as Attorney-in-Fact for Alisha E. Bellezza.

The filing indicates that the phantom stock units are held within the PPG Industries, Inc. Deferred Compensation Plan and represent "interests in an unfunded unitized company stock fund comprised of stock and cash." Each unit converts to common stock on a one-for-one basis, with conversion occurring after termination of employment with PPG. Following the reported transaction, Bellezza beneficially owned a total of 201.0404 phantom stock units, held directly.

The filing further notes that the total number of units held may shift over time independent of any action by the reporting person, as the allocation depends on the fair market value of PPG common stock and the cash balance within the fund. No non-derivative securities transactions were reported in Table I of the filing.

What Was Disclosed

The filing disclosed an acquisition of 14.8305 Phantom Stock Units by PPG Industries officer Alisha Bellezza on October 30, 2026, at $119.52 per unit, bringing her total holdings in the Deferred Compensation Plan to 201.0404 units.