Sean M. Lannon - 25 Feb 2022 Form 4 Insider Report for Axalta Coating Systems Ltd. (AXTA)

Role: SVP & CFO
Signature: /s/ Alex Tablin-Wolf, attorney-in-fact
Issuer symbol: AXTA
Transactions as of: 25 Feb 2022
Net transactions value: -$39,475
Form type: 4
Filing time: 01 Mar 2022, 17:45:50 UTC
Previous filing: 23 Feb 2022
Next filing: 07 Mar 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		+3,344	+9.1%		39,902	25 Feb 2022	Direct	F1
transaction	AXTA	Common Shares	Tax liability	$39,475	-1,421	-3.6%	$27.78	38,481	25 Feb 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	-3,344	-100%	$0.000000^*	0	25 Feb 2022	Common Shares	3,344		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 February 25, 2019, the reporting person was granted 10,032 restricted stock units, vesting in three equal annual installments beginning on February 25, 2020.