BRIAN A. BERUBE - 14 Jun 2021 Form 4 Insider Report for Axalta Coating Systems Ltd. (AXTA)

Role
SVP and General Counsel
Signature
Alex Tablin-Wolf, attorney-in-fact
Issuer symbol
AXTA
Transactions as of
14 Jun 2021
Net transactions value
-$80,017
Form type
4
Filing time
16 Jun 2021, 17:46:57 UTC
Next filing
17 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AXTA Common Shares Options Exercise +3,134 +36% 11,726 14 Jun 2021 Direct F1
transaction AXTA Common Shares Tax liability $28,824 -920 -7.8% $31.33 10,806 14 Jun 2021 Direct F2
transaction AXTA Common Shares Options Exercise +5,567 +52% 16,373 14 Jun 2021 Direct F1
transaction AXTA Common Shares Tax liability $51,193 -1,634 -10% $31.33 14,739 14 Jun 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AXTA Restricted Stock Units Options Exercise $0 -3,134 -50% $0.000000 3,134 14 Jun 2021 Common Shares 3,134 Direct F1, F3
transaction AXTA Restricted Stock Units Options Exercise $0 -5,567 -33% $0.000000 11,134 14 Jun 2021 Common Shares 5,567 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common shares on a one-for-one basis.
F2 Shares withheld to satisfy the tax withholding obligation applicable to the vesting of a portion of a restricted stock unit award.
F3 On June 14, 2019, the reporting person was granted 9,402 restricted stock units, vesting in three equal annual installments beginning on June 14, 2020.
F4 On June 14, 2019, the reporting person was granted 22,268 restricted stock units, vesting 25% on each of the 12-month and 24-month anniversaries and 50% on the 36-month anniversary of the grant date.