Bowes Timothy Earl Joseph 4

What Happened Timothy Earl Joseph Bowes, President, Global Industrial Coatings at Axalta (AXTA), had restricted stock units (RSUs) convert into common shares on January 27, 2026. The filing shows 2,017 RSUs converted to 2,017 shares. To satisfy tax withholding on the vesting, 1,034 shares were withheld at $33.60 per share (total value $34,742). After withholding, Bowes received a net 983 shares (983 x $33.60 ≈ $33,029). This was a routine vesting/tax-withholding event, not an open-market sale.

Key Details

• Transaction date: January 27, 2026; Form 4 filed January 29, 2026 (timely).
• Conversion: 2,017 RSUs converted to 2,017 common shares (derivative conversion).
• Tax withholding: 1,034 shares withheld at $33.60 per share = $34,742.
• Net shares delivered to insider: 983 shares (approx. $33,029 at $33.60).
• Footnotes: F1 = RSUs convert 1-for-1; F2 = shares withheld to satisfy tax withholding; F3 = original grant of 4,034 RSUs on Jan 27, 2025 vesting in two equal annual installments beginning Jan 27, 2026 (this vesting reflects the first installment).
• Shares owned after the transaction not specified in the provided summary of the filing.
• Transaction codes: M = conversion/exercise of derivative (RSU conversion); F = shares withheld for tax withholding. This was not an open-market sale.

Context This was a standard RSU vesting with "sell-to-cover" style withholding to meet tax obligations — a common, administrative disposition that does not necessarily indicate a change in insider sentiment. The grant referenced (4,034 RSUs) vests in two installments; this filing reflects the first installment vesting on Jan 27, 2026.