Martin E. Franklin - Feb 15, 2022 Form 4 Insider Report for Element Solutions Inc (ESI)

Role
Director
Signature
/s/ John E. Capps as Attorney-in-Fact for Martin E. Franklin
Stock symbol
ESI
Transactions as of
Feb 15, 2022
Transactions value $
$0
Form type
4
Date filed
2/17/2022, 04:20 PM
Previous filing
Jan 4, 2022
Next filing
Nov 15, 2022

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 +400K 400K Feb 15, 2022 Direct F1
transaction ESI Common Stock, par value $0.01 per share Other -400K -100% 0 Feb 15, 2022 Direct F1
transaction ESI Common Stock, par value $0.01 per share Other +400K +80% 900K Feb 15, 2022 By Martin E. Franklin Revocable Trust F1

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 Performance Stock Units Options Exercise -400K -100% 0 Feb 15, 2022 Common Stock 400K $0.00 Direct F1
transaction ESI Performance Stock Units Award +300K 300K Feb 15, 2022 Common Stock 300K $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents settlement of a performance stock unit ("PRSU") award granted on 1/30/2019 and previously reported. Each PRSU represented a contingent right to receive one share of the Issuer's common stock.
F2 The vesting of these PRSUs is subject to the achievement by the Issuer of a performance target of adjusted earnings per share of $2.72 per annum by December 31, 2026. The actual number of shares earned will be determined by applying a total shareholder return (TSR) multiplier based on the Issuer's TSR relative to the applicable benchmark index for the performance period. The TSR multiplier will range from 0.85 to 1.15.