0001590714-19-000059.txt : 20190319 0001590714-19-000059.hdr.sgml : 20190319 20190319165556 ACCESSION NUMBER: 0001590714-19-000059 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: Dorman Carey J. CENTRAL INDEX KEY: 0001770349 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36272 FILM NUMBER: 19692047 MAIL ADDRESS: STREET 1: C/O ELEMENT SOLUTIONS INC STREET 2: 383 MAIN AVENUE, 6TH FLOOR CITY: NORWALK STATE: CT ZIP: 06851 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_155302892933973.xml FORM 4 X0306 4 2019-03-15 0 0001590714 Element Solutions Inc ESI 0001770349 Dorman Carey J. ELEMENT SOLUTIONS INC 1450 CENTREPARK BLVD, SUITE 210 WEST PALM BEACH FL 33401 0 1 0 0 Chief Financial Officer Common Stock, par value $0.01 per share 2019-03-15 4 M 0 13444 A 15353 D Common Stock, par value $0.01 per share 2019-03-15 4 M 0 4151 A 19504 D Common Stock, par value $0.01 per share 2019-03-18 4 F 0 6775 10.51 D 12729 D Performance Stock Units 0.0 2019-03-15 4 M 0 13444 D Common Stock 13444.0 0 D Restricted Stock Units 0.0 2019-03-15 4 M 0 4151 D Common Stock 4151.0 0 D Non-Qualified Stock Options (Right to Buy) 10.59 2019-03-15 4 A 0 19380 10.59 A Common Stock 19380.0 19380 D Performance Stock Units 0.0 2019-03-15 4 A 0 17312 A Common Stock 17312.0 17312 D This transaction represents the settlement of performance restricted stock units ("PRSUs") previously reported on 3/12/19 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 4,151 restricted stock units ("RSUs") previously reported on 3/12/19 which vested on 3/15/19. Each RSU 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. 1/3 of each of these options will vest annually on March 15th over the next three years. Each PRSU represents a contingent right to receive between one and 1.5 shares of common stock of the Issuer, subject to the achievement of certain adjusted EBITDA compound annual growth and adjusted earnings per share goals for the performance period ending 12/31/21. The number of shares reported in Column 7 will range from zero to 25,968 shares. /s/ Carey J. Dorman 2019-03-19