Axalta grants $3.5M in retention bonuses to three executives in connection with AkzoNobel merger

Axalta Coating Systems Ltd.

CFO Carl Anderson II receives $1,360,009; Hadi Awada $1,040,130; Troy Weaver $1,084,837.
Retention bonuses vest at six months after closing of Axalta-AkzoNobel merger.
Payment contingent on continued employment and compliance with restrictive covenants.
Bonuses forfeited if closing does not occur; pro-rated in some termination scenarios.
Cash bonuses, not equity, and not part of regular compensation or benefit calculations.

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