Brian A. Berube - Feb 15, 2022 Form 4 Insider Report for Axalta Coating Systems Ltd. (AXTA)

Role
SVP and General Counsel
Signature
/s/ Alex Tablin-Wolf, attorney-in-fact
Stock symbol
AXTA
Transactions as of
Feb 15, 2022
Transactions value $
-$55,450
Form type
4
Date filed
2/17/2022, 05:45 PM
Previous filing
Jun 16, 2021
Next filing
Feb 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AXTA Common Shares Options Exercise +6.18K +41.95% 20.9K Feb 15, 2022 Direct F1
transaction AXTA Common Shares Tax liability -$55.4K -1.92K -9.2% $28.82 19K Feb 15, 2022 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 Performance Share Units Options Exercise $0 -6.18K -100% $0.00* 0 Feb 15, 2022 Common Shares 6.18K Direct F1, F3
transaction AXTA Restricted Stock Units Award $0 +15.3K $0.00 15.3K Feb 15, 2022 Common Shares 15.3K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance share 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 performance share unit award.
F3 Represents the vesting of a performance share unit award granted on June 14, 2019. The number of common shares issuable under the award may range from zero to 200% of the target number of performance share units (18,804) based upon the Company's achievement of certain performance objectives during the relevant performance periods as described in more detail in the Company's proxy statement filed with the SEC on March 20, 2020. Based upon the Company's achievement of such objectives for such periods, the performance share unit award vested at 32.86% of target.
F4 Each restricted stock unit represents a contingent right to receive one common share of Axalta Coating Systems Ltd.
F5 This restricted stock unit grant vests in three equal annual installments beginning on the first anniversary of the grant date.