Matthew Liebowitz - 13 Feb 2024 Form 3 Insider Report for Element Solutions Inc (ESI)

Role
EVP, Strategy and Head of I&S
Signature
/s/ John E. Capps as Attorney-in-Fact for Matthew Liebowitz
Issuer symbol
ESI
Transactions as of
13 Feb 2024
Net transactions value
$0
Form type
3
Filing time
15 Feb 2024, 17:43:04 UTC
Next filing
21 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ESI Common Stock, par value $0.01 per share 96,086 13 Feb 2024 Direct

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
holding ESI Performance Stock Units 13 Feb 2024 Common Stock 25,333 Direct F1
holding ESI Restricted Stock Units 13 Feb 2024 Common Stock 12,665 Direct F2
holding ESI Performance Stock Units 13 Feb 2024 Common Stock 20,122 Direct F3
holding ESI Restricted Stock Units 13 Feb 2024 Common Stock 6,706 Direct F4
holding ESI Performance Stock Units 13 Feb 2024 Common Stock 210,000 Direct F5
holding ESI Performance Stock Units 13 Feb 2024 Common Stock 14,331 Direct F6
holding ESI Restricted Stock Units 13 Feb 2024 Common Stock 2,388 Direct F7
holding ESI Restricted Stock Units 13 Feb 2024 Common Stock 1,734 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance-based restricted units (PRSU) represents a contingent right to receive up to 2 shares, subject to the achievement of certain adjusted EBITDA compound annual growth and cash return on investment (CRI) goals for the performance period ending December 31, 2026. The number of shares will range from zero to 50,666 shares.
F2 These restricted stock units (RSUs) will vest annually on February 13th in 1/3 increments starting on February 13, 2025.
F3 Each PRSU represents a contingent right to receive up to 2 shares, subject to the achievement of certain adjusted EBITDA compound annual growth and CRI goals for the performance period ending December 31, 2025. The number of shares will range from zero to 40,244 shares.
F4 These RSUs vest annually on February 13th in 1/3 increments since February 13, 2024.
F5 These PRSUs will vest subject to the achievement by the Company of an adjusted EPS target 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.
F6 Each PRSU represents a contingent right to receive up to 2 shares, subject to the achievement of certain adjusted EBITDA compound annual growth and CRI goals for the performance period ending December 31, 2024. The number of shares will range from zero to 28,662 shares.
F7 These RSUs vest annually on February 15th in 1/3 increments since February 15, 2023.
F8 These RSUs vest annually on February 17th in 1/3 increments since February 17, 2022.