Awada Hadi 4

What Happened
Hadi Awada, President, Global Mobility Coatings at Axalta (AXTA), had restricted stock units (RSUs) convert into common shares on February 28, 2026. A total of 7,275 RSUs converted one-for-one into shares (3,580 + 3,695). To satisfy tax-withholding obligations, the company withheld 1,561 and 1,722 shares at $33.41 per share (total withheld value about $109,685). After withholding, Awada received a net of 3,992 shares. The derivative entries show $0 exercise price, consistent with RSU conversion rather than paid-option exercise.

Key Details

• Transaction date: February 28, 2026; Form 4 filed March 3, 2026 (appears timely).
• RSUs converted (acquired): 3,580 and 3,695 — total 7,275 shares.
• Shares withheld for taxes (disposed): 1,561 ($52,153) and 1,722 ($57,532) — total 3,283 shares, ~$109,685.
• Net shares received: 7,275 − 3,283 = 3,992 shares.
• Footnotes of note:
  • F1: RSUs convert into common shares one-for-one.
  • F2: Shares were withheld to satisfy tax withholding on vesting.
  • F3/F4: These amounts align with prior awards (10,739 RSUs granted 2/28/2023; 11,085 RSUs granted 2/28/2024) that vest in annual installments.
• Shares owned after the transaction: not specified in the filing.

Context
This was a routine RSU vesting and company withholding for taxes (a common, non–open-market action), not an open-market sale or purchase. Such conversions and tax-withholdings are administrative and do not, by themselves, indicate a buy/sell signal about the insider's view of the stock.