Awada Hadi 4

4 · Axalta Coating Systems Ltd. · Filed Mar 1, 2024

Form 4

Period: 2024-02-28

President, Glbl Mob. Coatings

Transactions

Exercise/Conversion
Restricted Stock Units
2024-02-28−3,579→ 7,160 total
→ Common Shares (3,579 underlying)
Exercise/Conversion
Performance Share Units
2024-02-28−2,198→ 0 total
→ Common Shares (2,198 underlying)
Award
Restricted Stock Units
2024-02-28+11,085→ 11,085 total
→ Common Shares (11,085 underlying)
Exercise/Conversion
Common Shares
2024-02-28+3,579→ 20,149 total
Tax Payment
Common Shares
2024-02-28$32.48/sh−1,561$50,701→ 18,588 total
Exercise/Conversion
Common Shares
2024-02-28+2,198→ 20,786 total
Tax Payment
Common Shares
2024-02-28$32.48/sh−959$31,148→ 19,827 total

Footnotes (8)

[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]Performance share units convert into common shares on a one-for-one basis.
[F4]Shares withheld to satisfy the tax withholding obligation applicable to the vesting of a performance share unit award.
[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.
[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.
[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.

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