Axalta Approves Executive Retention Bonuses Tied to AkzoNobel Merger

Reuters2025-12-20

Axalta Approves Executive Retention Bonuses Tied to AkzoNobel Merger

Axalta Coating Systems Ltd. has announced the approval of cash retention bonuses for key executives in connection with its upcoming merger with Akzo Nobel N.V. The bonuses will be awarded to Carl D. Anderson II, Senior Vice President and Chief Financial Officer ($1,360,009); Hadi H. Awada, President, Global Mobility Coatings ($1,040,130); and Troy D. Weaver, President, Global Refinish ($1,084,837). The bonuses are set to vest and be paid in full six months after the closing of the merger, contingent on each executive’s continued employment through that date. Provisions are also in place for prorated or full payouts under certain termination scenarios.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Axalta Coating Systems Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-058244), on December 19, 2025, and is solely responsible for the information contained therein.

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Weaver, President, Global Refinish ($1,084,837). The bonuses are set to vest and be paid in full six months after the closing of the merger, contingent on each executive’s continued employment through that date. Provisions are also in place for prorated or full payouts under certain termination scenarios.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Axalta Coating Systems Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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