0001590714-19-000056.txt : 20190319
0001590714-19-000056.hdr.sgml : 20190319
20190319170635
ACCESSION NUMBER: 0001590714-19-000056
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190315
FILED AS OF DATE: 20190319
DATE AS OF CHANGE: 20190319
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Gliklich Benjamin
CENTRAL INDEX KEY: 0001630320
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36272
FILM NUMBER: 19692287
MAIL ADDRESS:
STREET 1: 245 FREIGHT STREET
CITY: WATERBURY
STATE: CT
ZIP: 06702
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Element Solutions Inc
CENTRAL INDEX KEY: 0001590714
STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS CHEMICAL PRODUCTS [2890]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1450 CENTREPARK BOULEVARD
STREET 2: SUITE 210
CITY: WEST PALM BEACH
STATE: FL
ZIP: 33401
BUSINESS PHONE: 561-207-9600
MAIL ADDRESS:
STREET 1: 1450 CENTREPARK BOULEVARD
STREET 2: SUITE 210
CITY: WEST PALM BEACH
STATE: FL
ZIP: 33401
FORMER COMPANY:
FORMER CONFORMED NAME: Platform Specialty Products Corp
DATE OF NAME CHANGE: 20131031
4
1
wf-form4_155302818444026.xml
FORM 4
X0306
4
2019-03-15
0
0001590714
Element Solutions Inc
ESI
0001630320
Gliklich Benjamin
C/O ELEMENT SOLUTIONS INC
1450 CENTREPARK BLVD, SUITE 210
WEST PALM BEACH
FL
33401
0
1
0
0
Chief Executive Officer
Common Stock, par value $0.01 per share
2019-03-15
4
M
0
50159
A
71920
D
Common Stock, par value $0.01 per share
2019-03-15
4
M
0
15723
A
87643
D
Common Stock, par value $0.01 per share
2019-03-15
4
M
0
50000
A
137643
D
Common Stock, par value $0.01 per share
2019-03-18
4
F
0
46132
10.47
D
91511
D
Performance Stock Units
0.0
2019-03-15
4
M
0
50159
D
Common Stock
50159.0
0
D
Restricted Stock Units
0.0
2019-03-15
4
M
0
15723
D
Common Stock
15723.0
0
D
Performance Stock Units
0.0
2019-03-15
4
M
0
50000
D
Common Stock
50000.0
0
D
This transaction represents the settlement of performance restricted stock units ("PRSUs") previously reported on 3/25/16 which vested on 3/15/19 upon achievement by the Issuer of certain performance levels based on the Issuer's (i) return on invested capital, as measured from 1/1/16 to 12/31/18, and (ii) annual compound total shareholder return, as measured from 3/16/16 to 3/15/19. Each PRSU represented a contingent right to receive on average between one and 2.5 shares of the Issuer's common stock.
This transaction represents the settlement of 15,723 restricted stock units ("RSUs") previously reported on 3/25/16 which vested on 3/15/19. Each RSU represented a contingent right to receive one share of the Issuer's common stock.
This transaction represents the settlement of 50,000 PRSUs previously reported on 1/9/15 which vested on 3/15/19 upon achievement by the Issuer of a certain adjusted EBITDA target achieved for fiscal year 2018. The performance period applicable to this 6/12/14 grant was previously incorrectly reported due to a clerical error and is corrected herein. Each PRSU represented a contingent right to receive one share of the Issuer's common stock.
This number represents the aggregate number of shares of the Issuer's common stock delivered solely to satisfy the tax withholding obligations due upon the vesting of the PRSUs and RSUs described above.
/s/ Benjamin Gliklich
2019-03-19