RAKESH SACHDEV - 12 Jan 2023 Form 4 Insider Report for Axalta Coating Systems Ltd. (AXTA)

Role
Director
Signature
/s/ Alex Tablin-Wolf, attorney-in-fact
Issuer symbol
AXTA
Transactions as of
12 Jan 2023
Net transactions value
-$1,227,789
Form type
4
Filing time
17 Jan 2023, 17:00:13 UTC
Previous filing
02 Sep 2022
Next filing
07 Feb 2023
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 +155,337 +1505% 165,657 12 Jan 2023 Direct F1
transaction AXTA Common Shares Tax liability $1,227,789 -44,469 -27% $27.61 121,188 12 Jan 2023 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 -155,337 -100% $0.000000* 0 12 Jan 2023 Common Shares 155,337 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 Represents shares withheld to satisfy a portion of the tax withholding obligation applicable to the vesting of a restricted stock unit award. The reporting person paid $600,000 in cash in satisfaction of the remaining tax withholding obligation.
F3 On August 31, 2022, the reporting person was granted 233,009 restricted stock units.