Benjamin Gliklich - May 30, 2023 Form 4 Insider Report for Element Solutions Inc (ESI)

Signature
/s/ John E. Capps as Attorney-in-Fact for Benjamin Gliklich
Stock symbol
ESI
Transactions as of
May 30, 2023
Transactions value $
-$3,682,325
Form type
4
Date filed
6/1/2023, 04:43 PM
Previous filing
Feb 17, 2023
Next filing
Jan 22, 2024

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 Sale -$3.07M -166K -20.25% $18.49 655K May 30, 2023 Direct F1, F2
transaction ESI Common Stock, par value $0.01 per share Sale -$455K -25.2K -3.85% $18.03 630K May 31, 2023 Direct F1, F3
transaction ESI Common Stock, par value $0.01 per share Sale -$153K -8.47K -1.34% $18.01 621K Jun 1, 2023 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 These transactions were effected pursuant to a Rule 10b5-1 trading plan dated March 1, 2023 (as disclosed in the related Notice of Proposed Sale of Securities on Form 144 filed on May 30, 2023).
F2 This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.32 to $18.80, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range.
F3 This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.21, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range.
F4 This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.06, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range.