Axalta Coating Systems Ltd. — Director's Dealing 2022

Feb 18, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Axalta Coating Systems Ltd. (AXTA)
CIK: 0001616862
Period of Report: 2022-02-15

Reporting Person: Bryant Robert W. (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-15	Common Shares	M	26374	—	Acquired	168848	Direct
2022-02-15	Common Shares	F	11193	$28.28	Disposed	157655	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-15	Performance Share Units	$	M	26374	Disposed		Common Shares (26374)	Direct
2022-02-15	Restricted Stock Units	$	A	65233	Acquired		Common Shares (65233)	Direct

Footnotes

F1: Performance share 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 performance share unit award.

F3: Represents the vesting of a performance share unit award granted on February 25, 2019. The number of common shares issuable under the award may range from zero to 200% of the target number of performance share units (80,256) 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 March 20, 2020. Based upon the Company's achievement of such objectives for such periods, the performance share unit award vested at 32.86% of target.

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.