SEC Form 4 · accession 0001590714-18-000024
Element Solutions Inc · ESI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scot Benson
Officer — President - Perf. Solutions
Period of report
Feb 19, 2018
Accepted (ET)
Feb 21, 2018 · 9:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001590714
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF1 | — | Feb 19, 2018 | A | 43,904 | A | — | — | Common Stock | 43,904 | 43,904 | D |
| Restricted Stock UnitsF2 | — | Feb 19, 2018 | A | 21,950 | A | — | — | Common Stock | 21,950 | 21,950 | D |
Explanation of responses
- F1Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock and will vest on February 19, 2021, subject to the achievement by the Issuer of certain adjusted EBITDA goals. The number of shares reported in column 7 will range from zero to a maximum number of 87,808 shares.
- F2Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. 1/3 of these RSUs will vest annually on February 19 over the next three years, subject to continuous service as of each such date.