Filon Elyse Napoli 4
4 · Element Solutions Inc · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
Element Solutions (ESI) Director Filon Napoli Receives RSUs, Sells 6,539 Shares
What Happened
Filon Elyse Napoli, a director of Element Solutions, had previously granted restricted stock units (RSUs) settle on 2026-05-04 and simultaneously received a new award of RSUs. Per the filing, 6,539 shares were settled from vested RSUs (exercise/conversion of a derivative) and those 6,539 shares were then disposed (reported as a derivative disposition). In addition, Napoli was granted/awarded 3,272 RSUs on the same date. No per-share prices or total dollar values are provided in the filing (N/A).
Key Details
- Transaction date: 2026-05-04; Form filed 2026-05-05 (timely filing).
- Settled/converted RSUs: 6,539 shares (reported as acquisition then immediate disposition; price = N/A).
- New award: 3,272 RSUs granted/awarded (acquisition; price = N/A).
- Shares owned after transaction: not specified in the excerpted transactions.
- Footnotes:
- F1: The 6,539-share settlement represents previously reported RSUs that vested on 5/4/26.
- F2: The newly reported RSUs (3,272) vest the earlier of 5/4/27 and the next annual meeting, subject to continued service; may accelerate on a change of control.
- Filing timeliness: Reported the day after the transactions (appears timely, not late).
Context
This is a derivative/RSU settlement and grant, not an open-market purchase or voluntary sale intended to signal sentiment. The filing shows the vested RSUs were converted and then disposed (commonly done for tax-withholding or cashless-settlement reasons, though the filing does not state the reason). The new RSUs are service-based awards that vest over roughly one year or sooner upon certain corporate events.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $0.01 per share
[F1]2026-05-04+6,539→ 30,490 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-05-04−6,539→ 0 totalExercise: $0.00→ Common Stock, par value $0.01 per share (6,539 underlying) - Award
Restricted Stock Units
[F2]2026-05-04+3,272→ 3,272 totalExercise: $0.00→ Common Stock, par value $0.01 per share (3,272 underlying)
Footnotes (2)
- [F1]This transaction represents the settlement of previously-reported restricted stock units ("RSUs"), which vested on 5/4/26. Each RSU represented a contingent right to receive one share of the Issuer's common stock.
- [F2]Each RSU represents a right to receive one share of the Issuer's common stock. These RSUs will vest on the earlier of 5/4/27 and the date of the next annual meeting of stockholders of the Issuer, provided that the reporting person continues to serve as a director of the Issuer through and on such vesting date. The RSUs may, in certain circumstances, become immediately vested as of the date of a change of control of the Issuer.