Premiere incorrectly rendering png with transparent glow

(full quality screenshot here) My semi-transparent png is not rendering correctly in Premiere. This screenshot is from an exported H.264 video at "maximum render quality." I overlaid the original png for comparison. The png does not seem to be the problem- it looks fine in photoshop, windows viewer, even flippin google chrome. The original footage is as follows:
Type: MPEG Movie
File Size: 2.22 GB
Image Size: 3840 x 2160
Frame Rate: 29.72
Source Audio Format: 48000 Hz - Compressed - Stereo
Project Audio Format: 48000 Hz - 32 bit floating point - Stereo
Total Duration: 00;06;35;27
Pixel Aspect Ratio: 1.0
Alpha: None
Video Codec Type: MP4/MOV H.264 4:2:0 (Full Range)
Variable Frame Rate Detected
Any ideas on what to try are greatly appreciated. I may have to give up and do it without the glow, but I'd really rather not re-do a hundred png's that I've already made.
Is there an effect I should use in Premiere to add the glow instead?
thanks!
