0001590714-20-000007.txt : 20200221
0001590714-20-000007.hdr.sgml : 20200221
20200221180952
ACCESSION NUMBER: 0001590714-20-000007
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200219
FILED AS OF DATE: 20200221
DATE AS OF CHANGE: 20200221
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: 20641460
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: 371744899
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 500 EAST BROWARD BOULEVARD
STREET 2: SUITE 1860
CITY: FORT LAUDERDALE
STATE: FL
ZIP: 33394
BUSINESS PHONE: 561-207-9600
MAIL ADDRESS:
STREET 1: 500 EAST BROWARD BOULEVARD
STREET 2: SUITE 1860
CITY: FORT LAUDERDALE
STATE: FL
ZIP: 33394
FORMER COMPANY:
FORMER CONFORMED NAME: Platform Specialty Products Corp
DATE OF NAME CHANGE: 20131031
4
1
wf-form4_158232657542243.xml
FORM 4
X0306
4
2020-02-19
0
0001590714
Element Solutions Inc
ESI
0001630320
Gliklich Benjamin
C/O ELEMENT SOLUTIONS INC
500 EAST BROWARD BOULEVARD, SUITE 1860
FORT LAUDERDALE
FL
33394
1
1
0
0
Chief Executive Officer
Common Stock, par value $0.01 per share
2020-02-19
4
M
0
5691
A
104702
D
Common Stock, par value $0.01 per share
2020-02-19
4
F
0
1842
12.04
D
102860
D
Common Stock, par value $0.01 per share
2020-02-19
4
M
0
9869
A
112729
D
Common Stock, par value $0.01 per share
2020-02-19
4
F
0
3193
12.04
D
109536
D
Common Stock, par value $0.01 per share
2020-02-19
4
M
0
19736
A
129272
D
Common Stock, par value $0.01 per share
2020-02-19
4
F
0
6403
12.04
D
122869
D
Restricted Stock Units
0.0
2020-02-19
4
M
0
5691
D
Common Stock
5691.0
5690
D
Restricted Stock Units
0.0
2020-02-19
4
M
0
9869
D
Common Stock
9869.0
0
D
Performance Stock Units
0.0
2020-02-19
4
M
0
19736
D
Common Stock
19736.0
0
D
Performance Stock Units
0.0
2020-02-19
4
A
0
55374
A
Common Stock
55374.0
55374
D
Incentive Stock Options (Right to Buy)
12.25
2020-02-19
4
A
0
8163
0
A
Common Stock
8163.0
8163
D
Non-Qualified Stock Options (Right to Buy)
12.25
2020-02-19
4
A
0
66401
0
A
Common Stock
66401.0
66401
D
This transaction represents the settlement of restricted stock units ("RSUs") previously reported on 2/21/2018 of which 1/3 vested on 2/19/2020. Each RSU represented a contingent right to receive one share of the Issuer's common stock.
Shares of the Issuer's common stock delivered solely to satisfy the tax withholding obligations due upon the vesting of the RSUs described above.
This transaction represents the settlement of RSUs previously reported on 2/23/2017 which vested on 2/19/2020. Each RSU represented a contingent right to receive one share of the Issuer's common stock.
Shares of the Issuer's common stock delivered solely to satisfy the tax withholding obligations due upon the vesting of the RSUs described in footnote 3.
This transaction represents the settlement of 19,736 performance restricted stock units ("PRSUs") previously reported on 2/23/2017 which vested on 2/19/2020 upon Compensation Committee certification of performance achievement. Each PRSU represented the right to receive between zero and 2.5 shares of the Issuer's common stock.
Shares of the Issuer's common stock delivered solely to satisfy the tax withholding obligations due upon the vesting of the PRSUs described in footnote 4.
Each PRSU represents a contingent right to receive up to 1.5 shares of the Issuer's common stock, subject to the achievement of certain adjusted EBITDA compound annual growth and adjusted earnings per share goals for the performance period ending 12/31/2022. The number of shares reported in Column 7 will range from zero to 83,061 shares.
1/3 of each of these options will vest annually on February 19th over the next three years.
/s/ Benjamin Gliklich
2020-02-21