Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-04

Axalta Coating Systems (AXTA)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$9,551,721
Chris Villavarayan total, FY2025
27th
CEO pay percentile vs peers
130:1
CEO-to-median pay ratio
98.87%
Say-on-pay support, latest vote
Companies that benchmark against AXTA
9 companies name AXTA as a compensation peer

Each company listed discloses AXTA in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named AXTA in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Chris Villavarayan$1,100,000$0$7,389,552$0$973,391$0$88,778$9,551,721
Chief Executive Officer and President
Carl Anderson II709,90101,915,7970438,512057,3783,121,588
Senior Vice President and Chief Financial Officer
Troy Weaver614,80401,231,5750283,162049,7992,179,340
President, Global Refinish
Timothy Bowes588,12701,135,2240332,913032,9372,089,201
President, Global Industrial Coatings
Hadi Awada588,3810985,2400367,313047,1201,988,054
President, Global Mobility Coatings

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Chris Villavarayan$9,551,721
Carl Anderson II3,121,5883,638,388−516,800
Troy Weaver2,179,3402,517,5222,251,802−338,182
Timothy Bowes2,089,201
Hadi Awada1,988,0542,301,5542,131,167−313,500

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Hadi AwadaRSU2025-03-0410,500$360,045
Timothy BowesRSU2025-03-0410,500360,045
Chris VillavarayanRSU2025-03-0478,7402,699,995
Carl Anderson IIRSU2025-03-0420,415700,030
Troy WeaverRSU2025-03-0413,124450,022
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Hadi Awada$360,045$0$00.0%
Timothy Bowes360,045000.0%
Chris Villavarayan2,699,995000.0%
Carl Anderson II700,030000.0%
Troy Weaver450,022000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Timothy BowesRSU11,810$381,581
Carl Anderson IIRSU24,245783,356
Troy WeaverRSU13,124424,036
Hadi AwadaPSU8,053260,192
Timothy BowesRSU4,027130,112
Carl Anderson IIRSU52,4871,695,855
Carl Anderson IIPSU30,9841,001,093
Carl Anderson IIRSU14,369464,262
Hadi AwadaRSU13,642440,773
Chris VillavarayanRSU25,280816,797
Carl Anderson IIRSU20,657667,428
Troy WeaverRSU15,585503,551
Timothy BowesRSU15,348495,894
Troy WeaverRSU14,763476,993
Timothy BowesRSU10,500339,255
Troy WeaverRSU10,067325,265
Troy WeaverRSU9,238298,480
Troy WeaverRSU4,475144,587
Timothy BowesRSU7,390238,771
Chris VillavarayanRSU88,5832,862,117
Carl Anderson IIRSU22,965741,999
Timothy BowesPSU9,060292,729
Troy WeaverOption11,57427.01
Chris VillavarayanRSU78,7402,544,089
Chris VillavarayanRSU83,1272,685,833
Chris VillavarayanRSU49,2621,591,655
Troy WeaverRSU17,054551,015
Carl Anderson IIRSU20,415659,609
Timothy BowesRSU4,034130,339
Hadi AwadaRSU3,580115,670
Hadi AwadaRSU12,468402,841
Hadi AwadaRSU7,390238,771
Timothy BowesRSU12,468402,841
Hadi AwadaRSU10,500339,255
Hadi AwadaRSU11,810381,581
Troy WeaverOption8,95129.48
Troy WeaverOption8,76829.81
Chris VillavarayanPSU56,8791,837,760
Chris VillavarayanRSU96,3543,113,198
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation philosophy is rooted in pay-for-performance, with compensation that is structured to incentivize management to achieve near-term performance targets as well as long-term shareholder value creation, without motivating undue risk-taking.

CEO STI target (% of salary)130%
CEO LTI target (% of salary)
Independent consultantPearl Meyer
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-03175,746,4872,013,619114,94598.87%Passed
20252025-06-04189,602,0221,689,413163,02699.12%Passed
20242024-06-06199,495,0802,739,459328,74498.65%Passed
20232023-06-07189,519,58615,558,69174,71292.41%Passed
20222022-06-08192,821,4164,397,75299,56597.77%Passed
20212021-05-13179,224,04012,231,449170,09793.61%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-0398.87%a
20252025-06-0499.12%b
20242024-06-0698.65%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not affect the outcome of the vote.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not affect the outcome of the vote.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not affect the outcome of the vote.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)130 : 1
CEO total compensation$9,551,721
Median employee compensation$73,615
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Rakesh SachdevIndependent · Board Chair$200,000$199,979$0$0$399,979
Jan A. BertschIndependent · Audit (Chair) · Compensation95,000199,97900294,979
William M. CookIndependent · Audit · Compensation (Chair)92,500199,97900292,479
Deborah J. KissireIndependent · Compensation90,000199,97900289,979
Samuel L. SmolikIndependent · Audit · Environment, Health, Safety & Sustainability90,000199,97900289,979
Mary S. ZapponeIndependent · Audit · Nominating & Corporate Governance75,000199,97900274,979
Tyrone M. JordanIndependent · Environment, Health, Safety & Sustainability · Nominating & Corporate Governance75,000199,97900274,979
Kevin M. SteinIndependent · Nominating & Corporate Governance · Environment, Health, Safety & Sustainability75,000199,97900274,979
Chris VillavarayanEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer$200,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 17,500
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$792,500
Equity awards (grant-date value)$1,599,832
All other compensation$0
Total cost of the board$2,392,332

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Axalta Coating Systems names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Axalta Coating Systems.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Element Solutions Inc2025Benjamin H. Gliklich$1,087,500$23,688,894$0$1,520,947$26,480,462
2Eastman Chemical Co.2025Mark Costa1,406,95812,682,2003,278,151987,00019,498,966
3Albemarle Corporation2025J. Kent Masters Jr.1,400,0007,949,6402,500,0173,247,61815,513,654
4International Flavors & Fragrances Inc.2025J. Erik Fyrwald1,026,25011,656,76402,047,23015,002,866
5The Sherwin-Williams Company2025Heidi Petz1,373,0776,456,2074,253,8592,390,00014,914,317
6PPG Industries Inc.2025Timothy Knavish1,300,0007,333,5423,666,6901,924,00014,885,022
7Huntsman Corporation2025Peter R. Huntsman1,334,12510,513,39301,329,56114,666,623
8FMC Corporation2025Pierre Brondeau1,334,1256,257,9192,373,4201,798,26112,038,391
9RPM International Inc.2025Frank Sullivan1,100,0005,494,5212,653,4181,513,00011,158,125
10Celanese Corporation2025Scott Richardson5,249,9582,249,9901,342,62510,137,072
11Axalta Coating Systems2025Chris Villavarayan1,100,0007,389,5520973,3919,551,721
12Cabot Corporation2025Sean Keohane1,100,0004,224,8472,274,9251,402,5019,307,883
13The Chemours Company2025Denise Dignam1,058,8363,368,2252,909,6771,175,7818,595,076
14Ashland, Inc.2025Guillermo Novo1,152,3325,233,86301,313,8307,907,423
15Avient Corporation2025Ashish Khandpur1,128,2693,763,1590753,7775,818,257
16NewMarket Corporation2025Thomas Gottwald1,275,333368,1880750,0003,694,678
Minerals Technologies, Inc.not in coverage universe
H.B. Fuller Companynot in coverage universe
Tronox Holdings plcnot in coverage universe
Olin Corporationnot in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Axalta Coating Systems71.7%PSU 60 · RSU 40Yes — Relative TSRPearl Meyer
Albemarle Corporationnot disclosednot disclosednot disclosedFarient Advisors LLC
Ashland, Inc.90.4%not disclosedYes — Relative Total Shareholder Return (rTSR)Meridian Compensation Partners
Avient Corporation51.6%Cash LTI 60 · RSU 40Yes — Total Shareholder Return Relative to Peer Group (rTSR)Pearl Meyer
Cabot Corporation90%PSU 35 · Options 35 · RSU 30NoMeridian Compensation Partners
Celanese Corporation93.4%PSU 70 · Options 30NoWillis Towers Watson PLC
Eastman Chemical Co.47%PSA 60 · Option 20 · RSU 20Yes — Relative total shareholder return (rTSR)Aon plc
Element Solutions Inc126%PSU 67 · RSU 33NoFW Cook
FMC Corporation89.1%PSU 50 · Options 30 · RSU 20YesAon plc
H.B. Fuller Companynot disclosednot disclosednot disclosednot disclosed
Huntsman Corporation70.6%PSU 60 · RSU 40Yes — Relative TSRMeridian Compensation Partners
International Flavors & Fragrances Inc.98.9%PSU 60 · RSU 40Yes — Relative TSR vs. S&P 500 - ChemicalsFW Cook
Minerals Technologies, Inc.not disclosednot disclosednot disclosednot disclosed
NewMarket Corporationnot disclosedPSU 100NoFrederic W. Cook & Co., Inc.
Olin Corporationnot disclosednot disclosednot disclosednot disclosed
PPG Industries Inc.93%MSU 34 · Options 33 · PSU 33NoFW Cook
RPM International Inc.110%not disclosedNoWillis Towers Watson
The Chemours Companynot disclosedOptions 50 · PSU 25 · RSU 25Yes — Relative Total Shareholder Return (rTSR)Farient Advisors
The Sherwin-Williams Company110.86%PSU 60 · Options 40NoMercer (US) LLC
Tronox Holdings plcnot disclosednot disclosednot disclosednot disclosed

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Chris VillavarayanDEF 14A2026-04-210001193125-26-166838Section “Summary Compensation Table”. As printed: 9,551,721. Filing ↗machine: r2 · c31 · span 850079–850088
2Section 01, Carl Anderson IIDEF 14A2026-04-210001193125-26-166838Section “Summary Compensation Table”. As printed: 3,121,588. Filing ↗machine: t326 · r5 · c31 · span 865054–865063
3Section 01, Troy WeaverDEF 14A2026-04-210001193125-26-166838Section “Summary Compensation Table”. As printed: 2,179,340. Filing ↗machine: r8 · c31 · span 879989–879998
4Section 01, Timothy BowesDEF 14A2026-04-210001193125-26-166838Section “Summary Compensation Table”. As printed: 2,089,201. Filing ↗machine: r14 · c31 · span 909893–909902
5Section 01, Hadi AwadaDEF 14A2026-04-210001193125-26-166838Section “Summary Compensation Table”. As printed: 1,988,054. Filing ↗machine: r11 · c31 · span 894937–894946
6Section 03, Hadi Awada RSUDEF 14A2026-04-210001193125-26-166838Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t334 · r18 · c38 · span 1006731–1006738
7Section 03, Timothy Bowes RSUDEF 14A2026-04-210001193125-26-166838Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t334 · r23 · c38 · span 1018975–1018982
8Section 03, Chris Villavarayan RSUDEF 14A2026-04-210001193125-26-166838Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t334 · r6 · c38 · span 976348–976357
9Section 03, Carl Anderson II RSUDEF 14A2026-04-210001193125-26-166838Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t334 · r10 · c38 · span 986484–986491
10Section 03, Troy Weaver RSUDEF 14A2026-04-210001193125-26-166838Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t334 · r14 · c38 · span 996608–996615
11Section 07, pay ratioDEF 14A2026-04-210001193125-26-166838Section “CEO Pay Ratio”. As printed: 130 : 1. Filing ↗machine: span 1278602–1278607
12Section 08, Rakesh SachdevDEF 14A2026-04-210001193125-26-166838Section “Director Compensation”. As printed: 399,979. Filing ↗machine: t252 · r3 · c11 · span 500735–500742
13Section 08, Jan A. BertschDEF 14A2026-04-210001193125-26-166838Section “Director Compensation”. As printed: 294,979. Filing ↗machine: t252 · r5 · c11 · span 502065–502072
14Section 08, William M. CookDEF 14A2026-04-210001193125-26-166838Section “Director Compensation”. As printed: 292,479. Filing ↗machine: t252 · r7 · c11 · span 503396–503403
15Section 08, Deborah J. KissireDEF 14A2026-04-210001193125-26-166838Section “Director Compensation”. As printed: 289,979. Filing ↗machine: t252 · r11 · c11 · span 506062–506069
16Section 08, Samuel L. SmolikDEF 14A2026-04-210001193125-26-166838Section “Director Compensation”. As printed: 289,979. Filing ↗machine: t252 · r13 · c11 · span 507394–507401
17Section 08, Mary S. ZapponeDEF 14A2026-04-210001193125-26-166838Section “Director Compensation”. As printed: 274,979. Filing ↗machine: t252 · r19 · c11 · span 511983–511990
18Section 08, Tyrone M. JordanDEF 14A2026-04-210001193125-26-166838Section “Director Compensation”. As printed: 274,979. Filing ↗machine: t252 · r9 · c11 · span 504728–504735
19Section 08, Kevin M. SteinDEF 14A2026-04-210001193125-26-166838Section “Director Compensation”. As printed: 274,979. Filing ↗machine: t252 · r15 · c11 · span 508724–508731
20Section 08, Chris VillavarayanDEF 14A2026-04-210001193125-26-166838Section “Director Compensation”. As printed: 0. Filing ↗machine: t252 · r17 · c11 · span 510229–510236
21Section 06, 2026 voteForm 8-K2026-06-040001628280-26-040819Item 5.07 · say-on-pay result. As reported: 98.87% (votes for as printed: 175,746,487). Filing ↗
22Section 06, 2025 voteForm 8-K2025-06-090001616862-25-000027Item 5.07 · say-on-pay result. As reported: 99.12% (votes for as printed: 189,602,022). Filing ↗
23Section 06, 2024 voteForm 8-K2024-06-110001616862-24-000043Item 5.07 · say-on-pay result. As reported: 98.65% (votes for as printed: 199,495,080). Filing ↗
24Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
25Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
26Section 09b board cost (computed)ComputedcomputedCash 792,500 + equity 1,599,832 + all other 0 = 2,392,332, summed across the director compensation table rows.machine: formula: Σ = 2,392,332
27Element Solutions Inc, Section 10b CEO totalDEF 14A2026-03-230001590714-26-000034CEO total compensation as printed in Element Solutions Inc's own proxy. As printed: 26,480,462. Filing ↗machine: r3 · c27 · span 596335–596345
28Eastman Chemical Co., Section 10b CEO totalDEF 14A2026-03-240000915389-26-000074CEO total compensation as printed in Eastman Chemical Co.'s own proxy. As printed: 19,498,966. Filing ↗machine: r2 · c27 · span 1263333–1263343
29Albemarle Corporation, Section 10b CEO totalDEF 14A2026-03-240000915913-26-000050CEO total compensation as printed in Albemarle Corporation's own proxy. As printed: 15,513,654. Filing ↗machine: span 959225–959235
30International Flavors & Fragrances Inc., Section 10b CEO totalDEF 14A2026-03-180001140361-26-009960CEO total compensation as printed in International Flavors & Fragrances Inc.'s own proxy. As printed: 15,002,866. Filing ↗machine: t297 · r2 · c25 · span 1428753–1428763
31The Sherwin-Williams Company, Section 10b CEO totalDEF 14A2026-03-110000089800-26-000025CEO total compensation as printed in The Sherwin-Williams Company's own proxy. As printed: 14,914,317. Filing ↗machine: r2 · c8 · span 1976552–1976562
32PPG Industries Inc., Section 10b CEO totalDEF 14A2026-03-050000079879-26-000088CEO total compensation as printed in PPG Industries Inc.'s own proxy. As printed: 14,885,022. Filing ↗machine: span 1300546–1300556
33Huntsman Corporation, Section 10b CEO totalDEF 14A2026-03-160001104659-26-028448CEO total compensation as printed in Huntsman Corporation's own proxy. As printed: 14,666,623. Filing ↗machine: span 1280707–1280717
34FMC Corporation, Section 10b CEO totalDEF 14A2026-03-130001308179-26-000056CEO total compensation as printed in FMC Corporation's own proxy. As printed: 12,038,391. Filing ↗machine: r1 · c18 · span 737212–737222
35RPM International Inc., Section 10b CEO totalDEF 14A2025-08-210001193125-25-185345CEO total compensation as printed in RPM International Inc.'s own proxy. As printed: 11,158,125. Filing ↗machine: r4 · c35 · span 833989–833999
36Celanese Corporation, Section 10b CEO totalDEF 14A2026-03-040001306830-26-000052CEO total compensation as printed in Celanese Corporation's own proxy. As printed: 10,137,072. Filing ↗
37Axalta Coating Systems (subject), Section 10b CEO totalDEF 14A2026-04-210001193125-26-166838CEO total compensation as printed in Axalta Coating Systems's own proxy. As printed: 9,551,721. Filing ↗machine: r2 · c31 · span 850079–850088
38Cabot Corporation, Section 10b CEO totalDEF 14A2026-01-270001193125-26-023681CEO total compensation as printed in Cabot Corporation's own proxy. As printed: 9,307,883. Filing ↗machine: r3 · c39 · span 853934–853943
39The Chemours Company, Section 10b CEO totalDEF 14A2026-03-100001104659-26-025935CEO total compensation as printed in The Chemours Company's own proxy. As printed: 8,595,076. Filing ↗machine: r1 · c55 · span 1531474–1531483
40Ashland, Inc., Section 10b CEO totalDEF 14A2025-12-090001193125-25-312753CEO total compensation as printed in Ashland, Inc.'s own proxy. As printed: 7,907,423. Filing ↗machine: t125 · r3 · c21 · span 2021429–2021438
41Avient Corporation, Section 10b CEO totalDEF 14A2026-03-270001628280-26-021576CEO total compensation as printed in Avient Corporation's own proxy. As printed: 5,818,257. Filing ↗machine: t45 · r2 · c8 · span 748439–748448
42NewMarket Corporation, Section 10b CEO totalDEF 14ACEO total compensation as printed in NewMarket Corporation's own proxy. As printed: 3,694,678.
43Section 10a, Eastman Chemical Co. reciprocityDEF 14A0000915389-26-000074Eastman Chemical Co. names Axalta Coating Systems in its own disclosed peer group (read from its most recent proxy). Filing ↗
44Section 10a, The Chemours Company reciprocityDEF 14A0001104659-26-025935The Chemours Company names Axalta Coating Systems in its own disclosed peer group (read from its most recent proxy). Filing ↗
45Section 10a, Avient Corporation reciprocityDEF 14A0001628280-26-021576Avient Corporation's most recent proxy was read; its disclosed peer group does not include Axalta Coating Systems. Filing ↗
46Section 10a, Celanese Corporation reciprocityDEF 14A0001306830-26-000052Celanese Corporation's most recent proxy was read; its disclosed peer group does not include Axalta Coating Systems. Filing ↗
47Section 10a, Huntsman Corporation reciprocityDEF 14A0001104659-26-028448Huntsman Corporation names Axalta Coating Systems in its own disclosed peer group (read from its most recent proxy). Filing ↗
48Section 10a, PPG Industries Inc. reciprocityDEF 14A0000079879-26-000088PPG Industries Inc. names Axalta Coating Systems in its own disclosed peer group (read from its most recent proxy). Filing ↗
49Section 10a, RPM International Inc. reciprocityDEF 14A0001193125-25-185345RPM International Inc. names Axalta Coating Systems in its own disclosed peer group (read from its most recent proxy). Filing ↗
50Section 10a, The Sherwin-Williams Company reciprocityDEF 14A0000089800-26-000025The Sherwin-Williams Company's most recent proxy was read; its disclosed peer group does not include Axalta Coating Systems. Filing ↗
51Section 10a, NewMarket Corporation reciprocityDEF 14A0001193125-26-102973NewMarket Corporation's most recent proxy was read; its disclosed peer group does not include Axalta Coating Systems. Filing ↗
52Section 10a, International Flavors & Fragrances Inc. reciprocityDEF 14A0001140361-26-009960International Flavors & Fragrances Inc.'s most recent proxy was read; its disclosed peer group does not include Axalta Coating Systems. Filing ↗
53Section 10a, FMC Corporation reciprocityDEF 14A0001308179-26-000056FMC Corporation's most recent proxy was read; its disclosed peer group does not include Axalta Coating Systems. Filing ↗
54Section 10a, Element Solutions Inc reciprocityDEF 14A0001590714-26-000034Element Solutions Inc names Axalta Coating Systems in its own disclosed peer group (read from its most recent proxy). Filing ↗
55Section 10a, Cabot Corporation reciprocityDEF 14A0001193125-26-023681Cabot Corporation names Axalta Coating Systems in its own disclosed peer group (read from its most recent proxy). Filing ↗
56Section 10a, Albemarle Corporation reciprocityDEF 14A0000915913-26-000050Albemarle Corporation's most recent proxy was read; its disclosed peer group does not include Axalta Coating Systems. Filing ↗