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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (1) | 02/28/2024 | M | 3,579 | (5) | (5) | Common Shares | 3,579 | $ 0 | 7,160 | D | ||||
| Performance Share Units | (3) | 02/28/2024 | M | 2,198 | (6) | (6) | Common Shares | 2,198 | $ 0 | 0 | D | ||||
| Restricted Stock Units | (7) | 02/28/2024 | A | 11,085 | (8) | (8) | Common Shares | 11,085 | $ 0 | 11,085 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Awada Hadi 1050 CONSTITUTION AVENUE PHILADELPHIA, PA 19112 |
President, Glbl Mob. Coatings | |||
| /s/ Alex Tablin-Wolf, attorney-in-fact | 03/01/2024 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Restricted stock units convert into common shares on a one-for-one basis. |
| (2) | Shares withheld to satisfy the tax withholding obligation applicable to the vesting of a portion of a restricted stock unit award. |
| (3) | Performance share units convert into common shares on a one-for-one basis. |
| (4) | Shares withheld to satisfy the tax withholding obligation applicable to the vesting of a performance share unit award. |
| (5) | On February 28, 2023, the reporting person was granted 10,739 restricted stock units, vesting in three equal annual installments beginning on February 28, 2023. |
| (6) | Represents the vesting of a performance share unit award granted on March 3, 2021. The number of common shares issuable under the award may range from zero to 200% of the target number of performance share units (17,300) based upon the Company's achievement of certain performance objectives during the relevant performance periods as described in more detail in the Company's proxy statement filed with the SEC on April 22, 2022. Based upon the Company's achievement of such objectives for such periods, the performance share unit award vested at 12.7% of target. |
| (7) | Each restricted stock unit represents a contingent right to receive one common share of Axalta Coating Systems Ltd. |
| (8) | This restricted stock unit grant vests in three equal annual installments beginning on the first anniversary of the grant date. |