Form 4 for ESI Element Solutions Inc
Accepted 2023-08-22 00:00:00 ET · period of report 2023-08-21 · accession 0001590714-23-000075 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2023-08-22 | 2023-08-21 | ESI | FRANKLIN MARTIN E | Dir | J - Other | — | 0 | 500.0K | 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 | 2023-08-21 | J | A | 400,000 | — | 400,000 | I By Family Trust | — | — | (F1) In connection with an estate planning transaction, the Revocable Trust (defined below) transferred shares of the Issuer's common stock to the Family Trust (defined below). There were no third parties involved in this transaction, which was purely estate planning in nature. (F2) For tax purposes, the shares were transferred for a price equal to $19.15 per share, which represents the fair market value of a share of the Issuer's common stock based on the average of the high and low trading prices on the transaction date. (F4) Shares are held by the Sir Martin E. Franklin Family Trust ("Family Trust"), of which Mr. Franklin is a trustee and he and his descendants are beneficiaries. Mr. Franklin disclaims beneficial ownership of any shares except to the extent of his pecuniary interest therein. |
| 2 | Common | Common Stock, par value $0.01 per share | 2023-08-21 | J | D | 400,000 | — | 500,000 | I By Martin E. Franklin Revocable Trust | — | — | (F1) In connection with an estate planning transaction, the Revocable Trust (defined below) transferred shares of the Issuer's common stock to the Family Trust (defined below). There were no third parties involved in this transaction, which was purely estate planning in nature. (F2) For tax purposes, the shares were transferred for a price equal to $19.15 per share, which represents the fair market value of a share of the Issuer's common stock based on the average of the high and low trading prices on the transaction date. (F3) Shares are held by the Martin E. Franklin Revocable Trust ("Revocable Trust"), of which Mr. Franklin is the sole settlor, trustee and lifetime beneficiary. |