Axalta Coating Systems (AXTA) exec details RSU grant and PSU vesting
Rhea-AI Filing Summary
Axalta Coating Systems Ltd. executive Hadi Awada reported multiple equity compensation transactions. On March 3, 2026, he received a grant of 28,409 restricted stock units (RSUs), each representing a contingent right to one common share and vesting in three equal annual installments.
On the same date, performance share unit awards granted on February 28, 2023 converted into common shares on a one-for-one basis, vesting at 89.07% of target for a relative total shareholder return award and 169.4% of target for an Adjusted EBITDA award. On March 3–4, 2026, these RSU and performance share unit conversions increased his common share holdings, while 3,128, 5,948, and 1,526 common shares were withheld at prices of $31.68 and $31.40 per share to satisfy tax withholding obligations.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,500 | $0.00 | -- |
| Exercise | Common Shares | 3,500 | $0.00 | -- |
| Tax Withholding | Common Shares | 1,526 | $31.40 | $48K |
| Grant/Award | Restricted Stock Units | 28,409 | $0.00 | -- |
| Exercise | Performance Share Units | 7,173 | $0.00 | -- |
| Exercise | Performance Share Units | 13,642 | $0.00 | -- |
| Exercise | Common Shares | 7,173 | $0.00 | -- |
| Tax Withholding | Common Shares | 3,128 | $31.68 | $99K |
| Exercise | Common Shares | 13,642 | $0.00 | -- |
| Tax Withholding | Common Shares | 5,948 | $31.68 | $188K |
Footnotes (1)
- Performance share units convert into common shares on a one-for-one basis. Shares withheld to satisfy the tax withholding obligation applicable to the vesting of a performance share unit award. Restricted stock units convert into common shares on a one-for-one basis. Shares withheld to satisfy the tax withholding obligation applicable to the vesting of a portion of a restricted stock unit award. Each restricted stock unit represents a contingent right to receive one common share of Axalta Coating Systems Ltd. This restricted stock unit grant vests in three equal annual installments beginning on the first anniversary of the grant date. 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 (8,053) 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. 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 (8,053) 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. 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.
