SEC Form 4 · accession 0001590714-19-000030
Element Solutions Inc · ESI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John David Tolbert
Officer — Chief Human Resources Officer
Period of report
Feb 19, 2019
Accepted (ET)
Feb 21, 2019 · 7:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001590714
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF1 | Feb 19, 2019 | M | 2,439 | — | A | 20,439 | D | |
| Common Stock, par value $0.01 per shareF2 | Feb 20, 2019 | F | 692 | $11.34 | D | 19,747 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3 | $0.00 | Feb 19, 2019 | M | 2,439 | D | — | — | Common Stock | 2,439 | 4,878 | D |
Explanation of responses
- F1This transaction represents the settlement of 2,439 restricted stock units ("RSUs") previously reported on 2/21/2018 which vested on 2/19/2019. Each RSU represented a contingent right to receive one share of the Issuer's common stock.
- F2This number represents shares of the Issuer's common withheld to satisfy the tax withholding obligations due upon the vesting of the RSUs described in footnote 1 above.
- F3As previously reported on 2/21/2018, this RSU grant vests in 1/3 annual increments since 2/19/2018, subject to continuous service. Each RSU represents a contingent right to receive one share of the Issuer's common stock.