Bowes Timothy Earl Joseph 4
4 · Axalta Coating Systems Ltd. · Filed Mar 5, 2026
Insider Transaction Report
Form 4
Bowes Timothy Earl Joseph
President, Glbl Ind. Coatings
Transactions
- Exercise/Conversion
Common Shares
[F1]2026-03-03+8,070→ 19,331 total - Tax Payment
Common Shares
[F2]2026-03-03$31.68/sh−3,706$117,406→ 15,625 total - Exercise/Conversion
Common Shares
[F1]2026-03-03+15,348→ 30,973 total - Tax Payment
Common Shares
[F2]2026-03-03$31.68/sh−7,048$223,281→ 23,925 total - Exercise/Conversion
Common Shares
[F3]2026-03-04+3,500→ 27,425 total - Tax Payment
Common Shares
[F4]2026-03-04$31.40/sh−1,608$50,491→ 25,817 total - Award
Restricted Stock Units
[F5][F6]2026-03-03+28,409→ 28,409 total→ Common Shares (28,409 underlying) - Exercise/Conversion
Performance Share Units
[F1][F7]2026-03-03−8,070→ 0 total→ Common Shares (8,070 underlying) - Exercise/Conversion
Performance Share Units
[F1][F8]2026-03-03−15,348→ 0 total→ Common Shares (15,348 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F9]2026-03-04−3,500→ 7,000 total→ Common Shares (3,500 underlying)
Footnotes (9)
- [F1]Performance share 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 performance share unit award.
- [F3]Restricted stock 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 portion of a restricted stock unit award.
- [F5]Each restricted stock unit represents a contingent right to receive one common share of Axalta Coating Systems Ltd.
- [F6]This restricted stock unit grant vests in three equal annual installments beginning on the first anniversary of the grant date.
- [F7]Represents the vesting of a performance share unit award granted on February 28, 2023. The number of common shares issuable under the award may range from zero to 200% of the target number of performance share units (9,060) based upon the Company's achievement of relative total shareholder return during the relevant performance period as described in more detail in the Company's proxy statement filed with the SEC on April 24, 2024. Based upon the Company's achievement of such objective for such period, the performance share unit award vested at 89.07% of target.
- [F8]Represents the vesting of a performance share unit award granted on February 28, 2023. The number of common shares issuable under the award may range from zero to 200% of the target number of performance share units (9,060) based upon the Company's achievement of Adjusted EBITDA during the relevant performance period as described in more detail in the Company's proxy statement filed with the SEC on April 24, 2024. Based upon the Company's achievement of such objective for such period, the performance share unit award vested at 169.4% of target.
- [F9]On March 4, 2025, the reporting person was granted 10,500 restricted stock units, vesting in three equal annual installments beginning on March 4, 2026.
Signature
/s/ Mark Sherman, attorney-in-fact|2026-03-05