Axalta (NYSE: AXTA) CFO reports 20,657-share RSU vesting
Rhea-AI Filing Summary
Axalta Coating Systems Ltd. (AXTA) reported that SVP and CFO Carl Douglas Anderson II had 20,657 restricted stock units automatically convert into an equal number of common shares on August 14, 2026. Of these, 9,485 shares were withheld at $37.31 per share to satisfy tax-withholding obligations related to the vesting of a portion of a restricted stock unit award. The restricted stock units convert to common shares on a one-for-one basis and relate to a grant of 61,969 RSUs originally awarded on August 14, 2023, vesting in three equal annual installments beginning August 14, 2024.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 11,172 shares
Net Buy
3 txns
Insider
Anderson Carl Douglas II
Role
SVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 20,657 | $0.00 | $0.00 |
| Exercise | Common Shares F1 | 20,657 | -- | -- |
| Tax Withholding | Common Shares F2 | 9,485 | $37.31 | $354K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Shares — 90,417 shares (Direct)
Footnotes (3)
- F1. Restricted stock units convert into common shares on a one-for-one basis.
- F2. Shares withheld to satisfy the tax withholding obligation applicable to the vesting of a portion of a restricted stock unit award.
- F3. On August 14, 2023, the reporting person was granted 61,969 restricted stock units, vesting in three equal annual installments beginning on August 14, 2024.
Key Figures
RSUs converted: 20,657 shares
Shares withheld for taxes: 9,485 shares
Withholding price: $37.31 per share
+1 more
4 metrics
RSUs converted
20,657 shares
Restricted stock units converted into common shares on August 14, 2026
Shares withheld for taxes
9,485 shares
Common shares withheld to satisfy tax withholding obligation on vesting
Withholding price
$37.31 per share
Price used for shares withheld to cover tax obligations
Original RSU grant
61,969 restricted stock units
Grant on August 14, 2023, vesting in three equal annual installments
Key Terms
Restricted Stock Units, tax withholding obligation, vesting, annual installments
4 terms
Restricted Stock Units financial
"Restricted stock units convert into common shares on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligation financial
"Shares withheld to satisfy the tax withholding obligation applicable to the vesting"
vesting financial
"applicable to the vesting of a portion of a restricted stock unit award"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
annual installments financial
"vesting in three equal annual installments beginning on August 14, 2024."
FAQ
What insider equity transaction did AXTA’s CFO report on this Form 4?
Axalta’s CFO reported the conversion of 20,657 restricted stock units into the same number of common shares, with a portion of those shares withheld to cover tax obligations tied to vesting.
When were the restricted stock units in this AXTA Form 4 originally granted?
The reporting person was granted 61,969 restricted stock units on August 14, 2023, which vest in three equal annual installments beginning on August 14, 2024, according to the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
