Form 4 for ESI Element Solutions Inc
Accepted 2022-02-17 00:00:00 ET · period of report 2022-02-15 · accession 0001590714-22-000011 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-02-17 | 2022-02-15 | ESI | D'Ambrisi Joseph J. | EVP, Head of Electronics | M - OptEx | — | +208.3K | 432.7K | +93% | — |
| DM | 2022-02-17 | 2022-02-15 | ESI | D'Ambrisi Joseph J. | EVP, Head of Electronics | F - Tax | $23.26 | -96.7K | 362.5K | -21% | -$2.25M |
| DM | 2022-02-17 | 2022-02-15 | ESI | D'Ambrisi Joseph J. | EVP, Head of Electronics | A - Grant | — | +34.4K | 22.9K | New | — |
| DM | 2022-02-17 | 2022-02-15 | ESI | D'Ambrisi Joseph J. | EVP, Head of Electronics | M - OptEx | — | -199.5K | 0 | -100% | — |
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 | M | A | 26,456 | — | 374,947 | D | — | — | (F3) Represents settlement of a PRSU award granted on 2/20/2019 and previously reported. Each PRSU represented a contingent right to receive up to 1.5 shares of the Issuer's common stock. |
| 2 | Common | Common Stock, par value $0.01 per share | 2022-02-15 | F | D | 84,255 | $23.26 | 348,491 | D | — | — | (F2) Represents shares withheld to satisfy the tax obligations due upon vesting of the PRSUs described in footnote 1 above. |
| 3 | Common | Common Stock, par value $0.01 per share | 2022-02-15 | M | A | 181,818 | — | 432,746 | D | — | — | (F1) Represents settlement of a performance stock unit ("PRSU") award granted on 7/14/2020 and previously reported. Each PRSU represented a contingent right to receive one share of the Issuer's common stock. |
| 4 | Common | Common Stock, par value $0.01 per share | 2022-02-15 | F | D | 12,429 | $23.26 | 362,518 | D | — | — | (F4) Represents shares withheld to satisfy the tax obligations due upon vesting of the PRSUs described in footnote 3 above. |
| 5 | Derivative | Restricted Stock Units | 2022-02-15 | A | A | 11,464 | — | 11,464 | D | $0.00 · — to — | 11,464 Common Stock | (F6) Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The grant will vest in 1/3 increments over the next three years. |
| 6 | Derivative | Performance Stock Units | 2022-02-15 | M | D | 181,818 | — | 0 | D | $0.00 · — to — | 181,818 Common Stock | (F1) Represents settlement of a performance stock unit ("PRSU") award granted on 7/14/2020 and previously reported. Each PRSU represented a contingent right to receive one share of the Issuer's common stock. |
| 7 | Derivative | Performance Stock Units | 2022-02-15 | A | A | 22,930 | — | 22,930 | D | $0.00 · — to — | 22,930 Common Stock | (F5) Each PRSU represents a contingent right to receive up to two shares of the Issuer's common stock, subject to the achievement of certain adjusted EBITDA compound annual growth and cash return on investment (CRI) goals for the performance period ending on December 31, 2024. The number of shares reported in Column 7 will range from zero to 45,860. |
| 8 | Derivative | Performance Stock Units | 2022-02-15 | M | D | 17,637 | — | 0 | D | $0.00 · — to — | 26,456 Common Stock | (F3) Represents settlement of a PRSU award granted on 2/20/2019 and previously reported. Each PRSU represented a contingent right to receive up to 1.5 shares of the Issuer's common stock. |