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Axalta Coating Systems Ltd. — Director's Dealing 2024
Mar 1, 2024
30907_dirs_2024-03-01_d7be0f41-b853-45d1-9f33-ffed89417d23.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Axalta Coating Systems Ltd. (AXTA)
CIK: 0001616862
Period of Report: 2024-02-28
Reporting Person: Massey Anthony (VP, Global Controller, PAO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-28 | Common Shares | M | 2726 | — | Acquired | 24040 | Direct |
| 2024-02-28 | Common Shares | F | 734 | $32.48 | Disposed | 23306 | Direct |
| 2024-02-28 | Common Shares | M | 315 | — | Acquired | 23621 | Direct |
| 2024-02-28 | Common Shares | F | 87 | $32.48 | Disposed | 23534 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-28 | Restricted Stock Units | $ | M | 2726 | Disposed | Common Shares (2726) | Direct | |
| 2024-02-28 | Performance Share Units | $ | M | 315 | Disposed | Common Shares (315) | Direct | |
| 2024-02-28 | Restricted Stock Units | $ | A | 8775 | Acquired | Common Shares (8775) | Direct |
Footnotes
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.