Form 4 for AXTA Axalta Coating Systems Ltd.
Accepted 2022-02-17 00:00:00 ET · period of report 2022-02-15 · accession 0001209191-22-011023 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-02-17 | 2022-02-15 | AXTA | Weaver Troy D. | SVP, Glbl Refinish | M - OptEx | — | +3,010 | 30.3K | +11% | — |
| D | 2022-02-17 | 2022-02-15 | AXTA | Weaver Troy D. | SVP, Glbl Refinish | F - Tax | $28.82 | -960 | 29.4K | -3% | -$27.7K |
| D | 2022-02-17 | 2022-02-15 | AXTA | Weaver Troy D. | SVP, Glbl Refinish | A - Grant | $0.00 | +13.9K | 13.9K | New | $0 |
| D | 2022-02-17 | 2022-02-15 | AXTA | Weaver Troy D. | SVP, Glbl Refinish | M - OptEx | $0.00 | -3,010 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Shares | 2022-02-15 | M | A | 3,010 | — | 30,347 | D | — | — | (F1) Performance share units convert into common shares on a one-for-one basis. |
| 2 | Common | Common Shares | 2022-02-15 | F | D | 960 | $28.82 | 29,387 | D | — | — | (F2) Shares withheld to satisfy the tax withholding obligation applicable to the vesting of a performance share unit award. |
| 3 | Derivative | Restricted Stock Units | 2022-02-15 | A | A | 13,880 | $0.00 | 13,880 | D | — · — to — | 13,880 Common Shares | (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. |
| 4 | Derivative | Performance Share Units | 2022-02-15 | M | D | 3,010 | $0.00 | 0 | D | — · — to — | 3,010 Common Shares | (F1) Performance share units convert into common shares on a one-for-one basis. (F3) Represents the vesting of a performance share unit award granted on July 29, 2019. The number of common shares issuable under the award may range from zero to 200% of the target number of performance share units (9,156) 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. |