Hadi Awada (AXTA) converts RSUs to Axalta shares and withholds stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Axalta Coating Systems Ltd. officer Hadi Awada reported multiple equity compensation transactions on February 28, 2026. He exercised and converted 3,580 and 3,695 restricted stock units into common shares, while 1,561 and 1,722 common shares were automatically withheld to cover tax obligations. After these transactions, he directly held 43,663 common shares. Footnotes explain that the restricted stock units convert into common shares one-for-one and relate to prior grants of 10,739 units from February 28, 2023 and 11,085 units from February 28, 2024, each vesting in three equal annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,275 shares exercised/converted
Mixed
6 txns
Insider
Awada Hadi
Role
President, Glbl Mob. Coatings
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,580 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,695 | $0.00 | -- |
| Exercise | Common Shares | 3,580 | $0.00 | -- |
| Tax Withholding | Common Shares | 1,561 | $33.41 | $52K |
| Exercise | Common Shares | 3,695 | $0.00 | -- |
| Tax Withholding | Common Shares | 1,722 | $33.41 | $58K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Shares — 43,251 shares (Direct)
Footnotes (1)
- 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. On February 28, 2023, the reporting person was granted 10,739 restricted stock units, vesting in three equal annual installments beginning on February 28, 2024. On February 28, 2024, the reporting person was granted 11,085 restricted stock units, vesting in three equal annual installments beginning on February 28, 2025.
FAQ
What insider transactions did AXTA executive Hadi Awada report on this Form 4?
Hadi Awada reported exercising restricted stock units and related share withholdings on February 28, 2026. He converted 3,580 and 3,695 restricted stock units into common shares, with some shares automatically withheld to satisfy tax obligations tied to vesting.
What prior restricted stock unit grants to Hadi Awada does the Axalta Form 4 reference?
Footnotes reference two prior restricted stock unit grants: 10,739 units granted on February 28, 2023 and 11,085 units granted on February 28, 2024. Each grant vests in three equal annual installments beginning the year after grant.
What do the tax-withholding dispositions on Hadi Awada’s Axalta Form 4 represent?
They represent shares withheld to satisfy tax obligations from vesting restricted stock units. The Form 4 records 1,561 and 1,722 common shares disposed under code F, defined as delivering securities to pay exercise price or tax liabilities.