Form 4: Axalta Coating Systems Executive Hadi Awada Reports Stock Transactions
SEC Form 4 Filing
Hadi Awada, President of Global Mobility Coatings at Axalta Coating Systems, reports the vesting and subsequent sale of restricted stock units to cover tax obligations.
Summary
- On February 28, 2025, Hadi Awada, President, Global Mobility Coatings of Axalta Coating Systems Ltd., reported transactions involving common shares and restricted stock units.
- Awada vested 3,580 and 3,695 restricted stock units, which converted into an equal number of common shares.
- A total of 1,561 and 1,612 shares were withheld to satisfy tax obligations at a price of $36.21 per share.
- Following these transactions, Awada directly owns 37,237 common shares and 7,390 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice among publicly traded companies to ensure transparency and compliance with securities regulations.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they represent a small portion of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/28/2023 | Reporting person was granted 10,739 restricted stock units, vesting in three equal annual installments beginning on February 28, 2024. |
| 02/28/2024 | Reporting person was granted 11,085 restricted stock units, vesting in three equal annual installments beginning on February 28, 2025. |
| 02/28/2025 | Transactions involving common shares and restricted stock units occurred. |
| 03/04/2025 | Date of signature for the report. |
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