Weaver Troy D. 4

What Happened

• Troy D. Weaver, President, Global Refinish at Axalta (AXTA), had restricted stock units (RSUs) convert into common shares on February 28, 2026. Two conversions totaled 9,094 shares (4,475 and 4,619).
• To satisfy tax withholding on the vesting, 2,055 and 2,222 shares were withheld (4,277 shares) at $33.41 per share, generating proceeds of $68,658 and $74,237 respectively (total ≈ $142,895). Net shares delivered to Weaver after withholding: 4,817 shares.
• These transactions are conversions/vesting of RSUs (derivative exercise/conversion) and withholding to cover taxes — routine compensation events rather than open-market purchases or sales.

Key Details

• Transaction date: February 28, 2026; Form 4 filed March 3, 2026 (appears timely).
• Prices: tax-withheld shares valued at $33.41 per share; conversion entries show $0 as the derivative consideration (RSU conversion).
• Shares acquired (via RSU conversion): 4,475 + 4,619 = 9,094.
• Shares disposed/withheld for tax: 2,055 + 2,222 = 4,277 (total value ≈ $142,895).
• Net new shares to insider: 9,094 − 4,277 = 4,817 shares.
• Footnotes: F1 — RSUs convert 1:1 to common shares; F2 — shares withheld to satisfy tax withholding; F3/F4 — prior RSU grants (Feb 28, 2023 and Feb 28, 2024) with multi-year vesting schedules.
• Shares owned after the transaction were not provided in the data supplied.

Context

• This was a vesting/conversion of RSUs with shares withheld to cover taxes (a common, automatic "cashless" mechanic), not an open-market sale or purchase. Such withholding is routine and primarily a tax compliance action, not necessarily a signal of insider sentiment.
• For retail investors, purchases (buys) tend to be more informative about insider conviction than routine vesting and withholding.