Axalta (AXTA) VP Anthony Massey Receives RSU Shares; Tax Withheld

What Happened
Anthony Massey, Axalta’s Vice President, Finance & Chief Accounting Officer, had 2,071 restricted stock units (RSUs) convert into common shares on August 1, 2026. Of those vested shares, 641 were withheld to satisfy tax withholding obligations, generating proceeds of about $22,954. The net result was issuance of 1,430 shares to Massey. This was not an open‑market sale or purchase by the insider—it was a routine vesting and tax‑withholding event.

Key Details

• Transaction date: August 1, 2026 (report filed Aug 4, 2026).
• Vesting/conversion: 2,071 RSUs converted into 2,071 common shares (derivative exercise/conversion, code M).
• Tax withholding (code F): 641 shares withheld at $35.81/share, proceeds ≈ $22,954.
• Net shares received by insider: 1,430 shares (2,071 vested − 641 withheld).
• Footnotes: RSUs convert one-for-one into common shares; shares were withheld specifically to satisfy tax withholding on the vesting. The RSUs originate from a 6,211‑unit grant on Aug 1, 2023 vesting in three equal annual installments beginning Aug 1, 2024.
• Filing timeliness: Form filed Aug 4, 2026 reporting the Aug 1 transaction; the filing does not indicate any special 10b5‑1 plan or other trading arrangement.

Context
This was a standard RSU vesting with a tax‑withholding disposition (code F), not a market sale (code S) or open‑market purchase. Such withholding transactions are common and primarily administrative; they do not necessarily signal the insider’s view of the company’s shares.