Shelley J. Bausch - Jan 1, 2022 Form 4 Insider Report for Axalta Coating Systems Ltd. (AXTA)

Role: SVP, Glbl Industrial Coatings
Signature: /s/ Alex Tablin-Wolf, attorney-in-fact
Stock symbol: AXTA
Transactions as of: Jan 1, 2022
Transactions value $: -$68,426
Form type: 4
Date filed: 1/4/2022, 04:26 PM
Next filing: Feb 17, 2022
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		+6.27K			6.27K	Jan 1, 2022	Direct	F1
transaction	AXTA	Common Shares	Tax liability	-$68.4K	-2.07K	-32.98%	$33.12	4.2K	Jan 1, 2022	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	-6.27K	-20%	$0.00	25.1K	Jan 1, 2022	Common Shares	6.27K		Direct	F1, F3

* 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 January 1, 2021, the reporting person was granted 31,325 restricted stock units, vesting 20% on each of the first and second anniversaries and 60% on the 42-month anniversary of the grant date.