Axalta (AXTA) president boosts direct holdings after RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Axalta Coating Systems Ltd. executive Troy D. Weaver, President, Global Refinish, reported multiple equity transactions dated February 28, 2026. He exercised or converted restricted stock units into common shares in several moves and had some common shares withheld at $33.41 per share to cover tax obligations. After these RSU conversions and tax-withholding dispositions, he directly owned 91,599 Axalta common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,094 shares exercised/converted
Mixed
6 txns
Insider
Weaver Troy D.
Role
President, Global Refinish
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,475 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,619 | $0.00 | -- |
| Exercise | Common Shares | 4,475 | $0.00 | -- |
| Tax Withholding | Common Shares | 2,055 | $33.41 | $69K |
| Exercise | Common Shares | 4,619 | $0.00 | -- |
| Tax Withholding | Common Shares | 2,222 | $33.41 | $74K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Shares — 91,257 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 13,423 restricted stock units, vesting in three equal annual installments beginning on February 28, 2024. On February 28, 2024, the reporting person was granted 13,856 restricted stock units, vesting in three equal annual installments beginning on February 28, 2025.
FAQ
What insider transactions did Axalta (AXTA) executive Troy D. Weaver report?
Troy D. Weaver reported exercising restricted stock units into Axalta common shares and share dispositions for taxes. On February 28, 2026, multiple RSU conversions (code M) and tax-withholding share deliveries (code F) were filed, reflecting routine equity compensation activity.
What do the Form 4 RSU transactions mean for Axalta (AXTA) executive compensation?
The RSU transactions show previously granted awards vesting and converting into common shares. Footnotes describe grants from February 2023 and February 2024 that vest in three annual installments, illustrating how Axalta compensates executives with stock that settles over time.
What is the conversion rate of Troy D. Weaver’s Axalta (AXTA) restricted stock units?
The filing specifies that restricted stock units convert into Axalta common shares on a one-for-one basis. This means each vested RSU results in one common share, simplifying how equity awards translate into actual share ownership for the executive.
Which role does Troy D. Weaver hold at Axalta (AXTA) in this Form 4?
Troy D. Weaver is identified as an officer of Axalta, serving as President, Global Refinish. The Form 4 links his role to the reported equity transactions, which stem from his compensation package rather than open-market trading activity.