Element Solutions (NYSE: ESI) CFO settles 240K-share award, withholds shares for tax
Rhea-AI Filing Summary
Element Solutions Inc executive compensation award vests and is settled in stock. On 12/10/2025, the company’s President, Enterprise Operations and Chief Financial Officer, Carey J. Dorman, settled a share award covering 240,000 shares of common stock. After this transaction, he directly owned 305,718 shares.
To cover estimated taxes on the vesting, 132,720 shares were withheld at a price of $27.58 per share. In a separate move the same day, 16,399 shares were gifted to a charitable donor advised fund. The award is subject to a lock-up starting 12/10/2025, with restrictions expiring in equal parts on the first, second and third anniversaries of that date, and a prior grant of 320,000 performance restricted stock units was cancelled for no value.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Share Award | 240,000 | $0.00 | -- |
| Exercise | Common Stock, par value $0.01 per share | 240,000 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 132,720 | $27.58 | $3.66M |
| Gift | Common Stock, par value $0.01 per share | 16,399 | $0.00 | -- |
Footnotes (1)
- Represents settlement of a share award granted and vested on 12/10/2025 as part of the Issuer's continued evaluation of its executive compensation program. Under the terms of the award, the net vested shares are subject to a lock-up agreement, effective 12/10/2025 (the "Lock-up Date"), with restrictions expiring ratably on the first, second and third anniversary of the Lock-up Date. On 12/10/2025, the reporting person's previously-reported executive stretch share grant of 320,000 performance restricted stock units was cancelled for no value. Represents shares withheld to satisfy the estimated tax obligations due upon vesting of the share award described in footnote 1. Reflects the gift to a charitable donor advised fund of shares of the Issuer's common stock that were beneficially owned by the reporting person prior to 12/10/2025.
FAQ
What insider transaction did Element Solutions Inc (ESI) report for 12/10/2025?
Element Solutions Inc reported that its President, Enterprise Operations and Chief Financial Officer, Carey J. Dorman, settled a share award covering 240,000 shares of common stock on 12/10/2025, resulting in updated beneficial ownership.
Did the Element Solutions Inc (ESI) executive make any charitable gifts of stock?
Yes. The Form 4 notes that 16,399 shares of Element Solutions Inc common stock were gifted to a charitable donor advised fund that held shares previously beneficially owned by the executive.
What happened to the previously granted performance restricted stock units at Element Solutions Inc (ESI)?
On 12/10/2025, the executive’s previously reported executive stretch share grant of 320,000 performance restricted stock units was cancelled for no value, as described in the Form 4 footnotes.