Ian G. H. Ashken - 08 Jun 2021 Form 4 Insider Report for Element Solutions Inc (ESI)

Role
Director
Signature
/s/ John E. Capps as Attorney-in-Fact for Ian G.H. Ashken
Issuer symbol
ESI
Transactions as of
08 Jun 2021
Net transactions value
$0
Form type
4
Filing time
09 Jun 2021, 16:20:34 UTC
Next filing
16 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESI Common Stock, par value $0.01 per share Options Exercise +9,141 9,141 08 Jun 2021 Direct F1
transaction ESI Common Stock, par value $0.01 per share Other -9,141 -100% 0 08 Jun 2021 Direct F1
transaction ESI Common Stock, par value $0.01 per share Other +9,141 +0.69% 1,338,354 08 Jun 2021 By Tasburgh, LLC F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ESI Restricted Stock Units Options Exercise -9,141 -100% 0 08 Jun 2021 Common Stock 9,141 $0.000000 Direct F1
transaction ESI Restricted Stock Units Award +4,174 4,174 08 Jun 2021 Common Stock 4,174 $0.000000 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents the settlement of previously-reported restricted stock units ("RSUs"), which vested on 6/8/2021. Each RSU represented a contingent right to receive one share of the Issuer's common stock.
F2 Reflects the transfer of 26,283 shares of the Issuer's common stock by the reporting person's revocable trust to Tasburgh, LLC. This transfer was exempt from Section 16 of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16a-13.
F3 Each RSU represents a right to receive one share of the Issuer's common stock. These RSUs will vest on the earlier of June 8, 2022 and the date of the next annual meeting of stockholders of the Issuer, provided that the reporting person continues to serve as a director of the Issuer through and on such vesting date. The RSUs contain dividend equivalent rights and may, in certain circumstances, become immediately vested as of the date of a change in control of the Issuer.

Remarks:

The reporting person disclaims beneficial ownership of the shares reported herein, except to the extent of his pecuniary interest therein.