Brian A. Berube - Jun 14, 2021 Form 4 Insider Report for Axalta Coating Systems Ltd. (AXTA)

Role
SVP and General Counsel
Signature
Alex Tablin-Wolf, attorney-in-fact
Stock symbol
AXTA
Transactions as of
Jun 14, 2021
Transactions value $
-$80,017
Form type
4
Date filed
6/16/2021, 05:46 PM
Next filing
Feb 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AXTA Common Shares Options Exercise +3.13K +36.48% 11.7K Jun 14, 2021 Direct F1
transaction AXTA Common Shares Tax liability -$28.8K -920 -7.85% $31.33 10.8K Jun 14, 2021 Direct F2
transaction AXTA Common Shares Options Exercise +5.57K +51.52% 16.4K Jun 14, 2021 Direct F1
transaction AXTA Common Shares Tax liability -$51.2K -1.63K -9.98% $31.33 14.7K Jun 14, 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 -3.13K -50% $0.00 3.13K Jun 14, 2021 Common Shares 3.13K Direct F1, F3
transaction AXTA Restricted Stock Units Options Exercise $0 -5.57K -33.33% $0.00 11.1K Jun 14, 2021 Common Shares 5.57K 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.