Form 4: Axalta Coating Systems Executive Reports Stock Transactions
SEC Form 4 Filing
Amy Tufano, SVP & CHRO of Axalta Coating Systems, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On July 27, 2024, Amy Tufano, SVP & CHRO of Axalta Coating Systems Ltd., reported transactions involving common shares and restricted stock units.
- 1,017 restricted stock units converted into common shares on a one-for-one basis.
- 468 shares were withheld to satisfy tax obligations related to the vesting of the restricted stock units at a price of $34.87.
- Following these transactions, Tufano directly owns 8,289 common shares.
- The restricted stock units were granted on July 27, 2022, and vested in two equal annual installments.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- Shareholders are informed about executive stock transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| 07/27/2022 | Reporting person was granted 2,033 restricted stock units, vesting in two equal annual installments on the first and second anniversaries of the grant date. |
| 07/27/2024 | Date of transaction: vesting of restricted stock units and tax withholding. |
| 07/30/2024 | Date of signature for the Form 4 filing. |
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