Amy Tufano - 28 Feb 2024 Form 4 Insider Report for Axalta Coating Systems Ltd. (AXTA)

Role
SVP & CHRO
Signature
/s/ Alex Tablin-Wolf, attorney-in-fact
Issuer symbol
AXTA
Transactions as of
28 Feb 2024
Net transactions value
-$29,459
Form type
4
Filing time
01 Mar 2024, 16:46:41 UTC
Previous filing
20 Feb 2024
Next filing
30 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AXTA Common Shares Options Exercise +2,181 +34% 8,647 28 Feb 2024 Direct F1
transaction AXTA Common Shares Tax liability $29,459 -907 -10% $32.48 7,740 28 Feb 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 -2,181 -33% $0.000000 4,363 28 Feb 2024 Common Shares 2,181 Direct F1, F3
transaction AXTA Restricted Stock Units Award $0 +7,390 $0.000000 7,390 28 Feb 2024 Common Shares 7,390 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 6,544 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.