Fraser Christopher T. 4
Research Summary
AI-generated summary
Element Solutions (ESI) Director Christopher Fraser Receives RSU Shares
What Happened
Christopher T. Fraser, a director of Element Solutions, reported the settlement of previously granted restricted stock units (RSUs) that vested on 2026-05-04. A total of 9,811 RSUs converted into shares: 6,539 shares are shown as disposed (derivative disposition) and 3,272 shares were issued/transferred to Fraser. The conversion is reported at $0.00 per share (no cash exercise price).
Key Details
- Transaction date: 2026-05-04; Form 4 filed 2026-05-05 (timely).
- Reported entries:
- Exercise/conversion (derivative, code M): 6,539 shares acquired at $0.00 and the same 6,539 shares listed as disposed (derivative).
- Grant/award (code A): 3,272 shares acquired (N/A price).
- These entries represent settlement of previously-reported RSUs that vested on 5/4/26 (Footnote F1).
- Footnote F2 describes additional RSUs with future vesting terms (earlier of 5/4/27 or next annual meeting, subject to continued service and change-of-control provisions).
- Shares owned after the transaction are not specified in the excerpt of the filing.
Context
- Code M indicates conversion/exercise of a derivative instrument — here, RSUs converting into common shares. The $0.00 acquisition price reflects that the shares were issued on vesting rather than bought.
- The filing lists a simultaneous disposition of 6,539 shares; the document does not state the reason. Such dispositions in RSU settlements commonly reflect tax withholding or a sell-to-cover, but the filing itself does not specify the mechanism.
- This is an award/settlement event (not an open-market purchase or a discretionary sale) and should be interpreted as routine RSU vesting rather than a directional buy/sell signal.
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