Joseph J. D'Ambrisi - 15 Feb 2022 Form 4 Insider Report for Element Solutions Inc (ESI)

Signature
/s/ John E. Capps as Attorney-in-Fact for Joseph J. D'Ambrisi
Issuer symbol
ESI
Transactions as of
15 Feb 2022
Net transactions value
-$2,248,870
Form type
4
Filing time
17 Feb 2022, 16:26:13 UTC
Next filing
22 Feb 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 +181,818 +72% 432,746 15 Feb 2022 Direct F1
transaction ESI Common Stock, par value $0.01 per share Tax liability $1,959,771 -84,255 -19% $23.26 348,491 15 Feb 2022 Direct F2
transaction ESI Common Stock, par value $0.01 per share Options Exercise +26,456 +7.6% 374,947 15 Feb 2022 Direct F3
transaction ESI Common Stock, par value $0.01 per share Tax liability $289,099 -12,429 -3.3% $23.26 362,518 15 Feb 2022 Direct F4

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 -181,818 -100% 0 15 Feb 2022 Common Stock 181,818 $0.000000 Direct F1
transaction ESI Performance Stock Units Options Exercise -17,637 -100% 0 15 Feb 2022 Common Stock 26,456 $0.000000 Direct F3
transaction ESI Performance Stock Units Award +22,930 22,930 15 Feb 2022 Common Stock 22,930 $0.000000 Direct F5
transaction ESI Restricted Stock Units Award +11,464 11,464 15 Feb 2022 Common Stock 11,464 $0.000000 Direct F6
* 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 7/14/2020 and previously reported. Each PRSU represented a contingent right to receive one share of the Issuer's common stock.
F2 Represents shares withheld to satisfy the tax obligations due upon vesting of the PRSUs described in footnote 1 above.
F3 Represents settlement of a PRSU award granted on 2/20/2019 and previously reported. Each PRSU represented a contingent right to receive up to 1.5 shares of the Issuer's common stock.
F4 Represents shares withheld to satisfy the tax obligations due upon vesting of the PRSUs described in footnote 3 above.
F5 Each PRSU represents a contingent right to receive up to two shares of the Issuer's common stock, subject to the achievement of certain adjusted EBITDA compound annual growth and cash return on investment (CRI) goals for the performance period ending on December 31, 2024. The number of shares reported in Column 7 will range from zero to 45,860.
F6 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The grant will vest in 1/3 increments over the next three years.