Filon Elyse Napoli 4
Research Summary
AI-generated summary
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.
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