Chris Villavarayan - Feb 28, 2024 Form 4 Insider Report for Axalta Coating Systems Ltd. (AXTA)

Role
CEO & President, Director
Signature
/s/ Alex Tablin-Wolf, attorney-in-fact
Stock symbol
AXTA
Transactions as of
Feb 28, 2024
Transactions value $
-$347,893
Form type
4
Date filed
3/1/2024, 04:33 PM
Previous filing
Feb 16, 2024
Next filing
May 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AXTA Common Shares Options Exercise +25.3K +37.09% 93.4K Feb 28, 2024 Direct F1
transaction AXTA Common Shares Tax liability -$348K -10.7K -11.46% $32.48 82.7K Feb 28, 2024 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 -25.3K -33.33% $0.00 50.6K Feb 28, 2024 Common Shares 25.3K Direct F1, F3
transaction AXTA Restricted Stock Units Award $0 +73.9K $0.00 73.9K Feb 28, 2024 Common Shares 73.9K Direct F4, F5
* 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 February 28, 2023, the reporting person was granted 75,839 restricted stock units, vesting in three equal annual installments beginning on February 28, 2024.
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.