Troy D. Weaver - Jul 27, 2023 Form 4 Insider Report for Axalta Coating Systems Ltd. (AXTA)

Role
SVP, Glbl Refinish
Signature
/s/ Alex Tablin-Wolf, attorney-in-fact
Stock symbol
AXTA
Transactions as of
Jul 27, 2023
Transactions value $
-$276,675
Form type
4
Date filed
7/28/2023, 05:52 PM
Previous filing
Mar 7, 2023
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AXTA Common Shares Options Exercise +20.3K +46.56% 64K Jul 27, 2023 Direct F1
transaction AXTA Common Shares Tax liability -$277K -8.64K -13.5% $32.03 55.4K Jul 27, 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 -20.3K -50% $0.00 20.3K Jul 27, 2023 Common Shares 20.3K Direct F1, F3
* 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 July 27, 2022 the reporting person was granted 40,666 restricted stock units, vesting in two equal annual installments on the first and second anniversaries of the grant date.