Form 4 for ESI Element Solutions Inc
Accepted 2022-02-17 00:00:00 ET · period of report 2022-02-15 · accession 0001590714-22-000007 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-02-17 | 2022-02-15 | ESI | FRANKLIN MARTIN E | Dir | J - Other | — | -400.0K | 0 | -100% | — |
| D | 2022-02-17 | 2022-02-15 | ESI | FRANKLIN MARTIN E | Dir | M - OptEx | — | +400.0K | 400.0K | New | — |
| DI | 2022-02-17 | 2022-02-15 | ESI | FRANKLIN MARTIN E | Dir | J - Other | — | +400.0K | 900.0K | +80% | — |
| D | 2022-02-17 | 2022-02-15 | ESI | FRANKLIN MARTIN E | Dir | M - OptEx | — | -400.0K | 0 | -100% | — |
| D | 2022-02-17 | 2022-02-15 | ESI | FRANKLIN MARTIN E | Dir | A - Grant | — | +300.0K | 300.0K | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, par value $0.01 per share | 2022-02-15 | J | D | 400,000 | — | 0 | D | — | — | (F1) Represents settlement of a performance stock unit ("PRSU") award granted on 1/30/2019 and previously reported. Each PRSU represented a contingent right to receive one share of the Issuer's common stock. |
| 2 | Common | Common Stock, par value $0.01 per share | 2022-02-15 | M | A | 400,000 | — | 400,000 | D By Martin E. Franklin Revocable Trust | — | — | (F1) Represents settlement of a performance stock unit ("PRSU") award granted on 1/30/2019 and previously reported. Each PRSU represented a contingent right to receive one share of the Issuer's common stock. |
| 3 | Common | Common Stock, par value $0.01 per share | 2022-02-15 | J | A | 400,000 | — | 900,000 | I | — | — | (F1) Represents settlement of a performance stock unit ("PRSU") award granted on 1/30/2019 and previously reported. Each PRSU represented a contingent right to receive one share of the Issuer's common stock. |
| 4 | Derivative | Performance Stock Units | 2022-02-15 | M | D | 400,000 | — | 0 | D | $0.00 · — to — | 400,000 Common Stock | (F1) Represents settlement of a performance stock unit ("PRSU") award granted on 1/30/2019 and previously reported. Each PRSU represented a contingent right to receive one share of the Issuer's common stock. |
| 5 | Derivative | Performance Stock Units | 2022-02-15 | A | A | 300,000 | — | 300,000 | D | $0.00 · — to — | 300,000 Common Stock | (F2) The vesting of these PRSUs is subject to the achievement by the Issuer of a performance target of adjusted earnings per share of $2.72 per annum by December 31, 2026. The actual number of shares earned will be determined by applying a total shareholder return (TSR) multiplier based on the Issuer's TSR relative to the applicable benchmark index for the performance period. The TSR multiplier will range from 0.85 to 1.15. |