Jacqueline Scanlan - Jun 14, 2023 Form 4 Insider Report for Axalta Coating Systems Ltd. (AXTA)

Role
SVP & CHRO
Signature
/s/ Alex Tablin-Wolf, attorney-in-fact
Stock symbol
AXTA
Transactions as of
Jun 14, 2023
Transactions value $
-$199,095
Form type
4
Date filed
6/16/2023, 05:05 PM
Previous filing
Mar 2, 2023
Next filing
Jul 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AXTA Common Shares Options Exercise +2.87K +85.48% 6.23K Jun 14, 2023 Direct F1
transaction AXTA Common Shares Tax liability -$39.7K -1.22K -19.59% $32.50 5.01K Jun 14, 2023 Direct F2
transaction AXTA Common Shares Options Exercise +11.5K +230.3% 16.6K Jun 14, 2023 Direct F1
transaction AXTA Common Shares Tax liability -$159K -4.91K -29.62% $32.50 11.7K Jun 14, 2023 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 -2.87K -49.99% $0.00 2.87K Jun 14, 2023 Common Shares 2.87K Direct F1, F3
transaction AXTA Restricted Stock Units Options Exercise $0 -11.5K -50% $0.00 11.5K Jun 14, 2023 Common Shares 11.5K 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, 2021, the reporting person was granted 8,620 restricted stock units, vesting in three equal annual installments beginning on June 14, 2022.
F4 On June 14, 2021, the reporting person was granted 23,090 restricted stock units, vesting 50% on each of the second and third anniversaries of the grant date.