Axalta (AXTA) SVP Alex Tablin‑Wolf Converts 4,877 RSUs; 2,255 Withheld

What Happened Alex Tablin‑Wolf, Axalta’s Senior Vice President, General Counsel and Corporate Secretary, had 4,877 restricted stock units (RSUs) convert into common shares on September 19, 2026. The conversion was recorded as a derivative exercise/conversion (code M) with no cash paid to convert. To satisfy the tax withholding on the vesting, 2,255 shares were withheld (code F) at $32.20 per share, a withholding value of $72,611. After withholding, approximately 2,622 shares were delivered to the reporting person.

Key Details

• Transaction date: September 19, 2026; Form 4 filed September 22, 2026 (timely under the SEC two-business-day rule).
• Conversion: 4,877 RSUs converted into 4,877 common shares (reported as derivative exercise/conversion, code M).
• Withholding: 2,255 shares withheld for tax obligations at $32.20/share, totaling $72,611 (code F).
• Net to insider: ~2,622 shares retained by the insider after withholding.
• Footnotes: F1 — RSUs convert one-for-one into shares; F2 — shares withheld to satisfy tax withholding on vesting; F3 — these RSUs were part of a 14,630‑unit grant on 2023‑09‑19 vesting in three equal annual installments (4,877 each).
• Shares owned after the transaction: not disclosed in the reported Form 4.

Context This was a routine RSU vesting event, not an open‑market sale or a cash purchase. The conversion had no cash exercise price (typical for RSUs) and the sale/disposition here solely reflects shares withheld to cover tax withholding — a common administrative action that does not necessarily indicate a change in insider sentiment.