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