Form 4 for AXTA Axalta Coating Systems Ltd.
Accepted 2024-03-01 00:00:00 ET · period of report 2024-02-28 · accession 0001628280-24-008241 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-03-01 | 2024-02-28 | AXTA | Awada Hadi | Pres, Glbl Mob. Coatings | M - OptEx | — | +5,777 | 20.1K | +40% | — |
| DM | 2024-03-01 | 2024-02-28 | AXTA | Awada Hadi | Pres, Glbl Mob. Coatings | F - Tax | $32.48 | -2,520 | 18.6K | -12% | -$81.8K |
| D | 2024-03-01 | 2024-02-28 | AXTA | Awada Hadi | Pres, Glbl Mob. Coatings | A - Grant | $0.00 | +11.1K | 11.1K | New | $0 |
| DM | 2024-03-01 | 2024-02-28 | AXTA | Awada Hadi | Pres, Glbl Mob. Coatings | M - OptEx | $0.00 | -5,777 | 7,160 | -45% | $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 | 2024-02-28 | M | A | 2,198 | — | 20,786 | D | — | — | (F3) Performance share units convert into common shares on a one-for-one basis. |
| 2 | Common | Common Shares | 2024-02-28 | F | D | 959 | $32.48 | 19,827 | D | — | — | (F4) Shares withheld to satisfy the tax withholding obligation applicable to the vesting of a performance share unit award. |
| 3 | Common | Common Shares | 2024-02-28 | M | A | 3,579 | — | 20,149 | D | — | — | (F1) Restricted stock units convert into common shares on a one-for-one basis. |
| 4 | Common | Common Shares | 2024-02-28 | F | D | 1,561 | $32.48 | 18,588 | D | — | — | (F2) Shares withheld to satisfy the tax withholding obligation applicable to the vesting of a portion of a restricted stock unit award. |
| 5 | Derivative | Restricted Stock Units | 2024-02-28 | A | A | 11,085 | $0.00 | 11,085 | D | — · — to — | 11,085 Common Shares | (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. |
| 6 | Derivative | Performance Share Units | 2024-02-28 | M | D | 2,198 | $0.00 | 0 | D | — · — to — | 2,198 Common Shares | (F3) Performance share units convert into common shares on a one-for-one basis. (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 (17,300) 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. |
| 7 | Derivative | Restricted Stock Units | 2024-02-28 | M | D | 3,579 | $0.00 | 7,160 | D | — · — to — | 3,579 Common Shares | (F1) Restricted stock units convert into common shares on a one-for-one basis. (F5) On February 28, 2023, the reporting person was granted 10,739 restricted stock units, vesting in three equal annual installments beginning on February 28, 2023. |