Form 4: Axalta Coating Systems Executive Reports Stock Transactions
SEC Form 4 Filing
Anthony Massey, VP, Global Controller, PAO of Axalta Coating Systems, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On February 15, 2025, Anthony Massey, VP, Global Controller, PAO of Axalta Coating Systems, had restricted stock units convert into 2,819 common shares.
- 939 shares were withheld to satisfy tax obligations at a price of $37.17.
- Following these transactions, Massey directly owns 30,563 common shares.
- The restricted stock units stemmed from a grant on February 15, 2022, of 8,457 units, vesting in three equal annual installments starting February 15, 2023.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices, with no particularly positive or negative implications.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| 02/15/2022 | Reporting person was granted 8,457 restricted stock units, vesting in three equal annual installments beginning on February 15, 2023. |
| 02/15/2023 | First vesting date of restricted stock units. |
| 02/15/2025 | Restricted stock units converted into common shares; shares withheld for tax obligations. |
| 02/19/2025 | Date of signature for the Form 4 filing. |
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