Massey Anthony 4

What Happened

• Anthony Massey, Vice President, Finance & CAO of Axalta Coating Systems (AXTA), had restricted stock units (RSUs) convert into common shares on February 28, 2026. Two RSU tranches converted into 2,727 and 2,925 shares (total 5,652 shares). To satisfy withholding tax on the vesting, 855 and 1,060 shares were withheld (total 1,915 shares) at $33.41 per share, generating tax withholding proceeds of $28,566 and $35,415 respectively (total $63,981). Net shares issued to Massey after withholding were 3,737.

Key Details

• Transaction date: February 28, 2026; Form 4 filed March 3, 2026 (no late filing indicated in the filing).
• Conversion: RSUs converted to common shares on a one-for-one basis (footnote F1).
• Tax withholding: 1,915 shares were withheld to satisfy tax obligations (footnote F2); withheld shares valued at $63,981 (855 × $33.41 and 1,060 × $33.41).
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Related awards: these RSUs relate to prior grants (8,180 RSUs granted 2/28/2023 and 8,775 RSUs granted 2/28/2024, vesting in scheduled installments — footnotes F3 and F4).

Context

• This was a routine equity compensation vesting event (RSU conversion) with a net-share withholding to cover taxes — effectively a cashless settlement for tax purposes, not an open-market sale indicating a directional trade. Such transactions reflect compensation vesting rather than a signal of insider buying or selling intent.