Connolly John P. 4
4 · Element Solutions Inc · Filed Feb 21, 2019
Insider Transaction Report
Form 4
Connolly John P.
VP, Corp. Controller and CAO
Transactions
- Tax Payment
Common Stock, par value $0.01 per share
2019-02-20$11.34/sh−1,707$19,357→ 18,579 total - Exercise/Conversion
Restricted Stock Units
2019-02-19−5,149→ 10,297 totalExercise: $0.00→ Common Stock (5,149 underlying) - Exercise/Conversion
Common Stock, par value $0.01 per share
2019-02-19+5,149→ 20,286 total - Award
Performance Stock Units
2019-02-20+19,107→ 19,107 totalExercise: $0.00→ Common Stock (19,107 underlying) - Award
Incentive Stock Option (Right to Buy)
2019-02-20$11.34/sh+8,818$99,996→ 8,818 totalExercise: $11.34→ Common Stock (8,818 underlying) - Award
Non-Qualified Stock Option (Right to Buy)
2019-02-20$11.34/sh+12,056$136,715→ 12,056 totalExercise: $11.34→ Common Stock (12,056 underlying)
Footnotes (5)
- [F1]This transaction represents the settlement of 5,149 restricted stock units ("RSUs") previously reported on 2/21/2018 which vested on 2/19/2019. Each RSU represented a contingent right to receive one share of the Issuer's common stock.
- [F2]This number represents shares of the Issuer's common stock withheld to satisfy the tax withholding obligations due upon the vesting of the RSUs described in footnote 1 above.
- [F3]As previously reported on 2/21/2018, this RSU grant vests in 1/3 annual increments since 2/19/2018, subject to continuous service. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- [F4]Each performance restricted stock unit represents a contingent right to receive one share 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 12/31/2021. The number of shares reported in Column 7 will range from zero to 28,661 shares.
- [F5]1/3 of each of these options will vest annually on February 20th over the next three years.