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

Role
VP, Global Controller, PAO
Signature
/s/ Alex Tablin-Wolf, attorney-in-fact
Stock symbol
AXTA
Transactions as of
Feb 28, 2024
Transactions value $
-$26,666
Form type
4
Date filed
3/1/2024, 04:42 PM
Previous filing
Feb 20, 2024
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AXTA Common Shares Options Exercise +2.73K +12.79% 24K Feb 28, 2024 Direct F1
transaction AXTA Common Shares Tax liability -$23.8K -734 -3.05% $32.48 23.3K Feb 28, 2024 Direct F2
transaction AXTA Common Shares Options Exercise +315 +1.35% 23.6K Feb 28, 2024 Direct F3
transaction AXTA Common Shares Tax liability -$2.83K -87 -0.37% $32.48 23.5K Feb 28, 2024 Direct F4

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 -2.73K -33.33% $0.00 5.45K Feb 28, 2024 Common Shares 2.73K Direct F1, F5
transaction AXTA Performance Share Units Options Exercise $0 -315 -100% $0.00* 0 Feb 28, 2024 Common Shares 315 Direct F3, F6
transaction AXTA Restricted Stock Units Award $0 +8.78K $0.00 8.78K Feb 28, 2024 Common Shares 8.78K Direct F7, F8
* 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 Performance share units convert into common shares on a one-for-one basis.
F4 Shares withheld to satisfy the tax withholding obligation applicable to the vesting of a performance share unit award.
F5 On February 28, 2023, the reporting person was granted 8,180 restricted stock units, vesting in three equal annual installments beginning on February 28, 2024.
F6 Represents the vesting of a performance share unit award granted on March 3, 2021. The number of common shares issuable under the award may range from zero to 200% of the target number of performance share units (2,477) 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 April 22, 2022. Based upon the Company's achievement of such objectives for such periods, the performance share unit award vested at 12.7% of target.
F7 Each restricted stock unit represents a contingent right to receive one common share of Axalta Coating Systems Ltd.
F8 This restricted stock unit grant vests in three equal annual installments beginning on the first anniversary of the grant date.