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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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.
How many Element Solutions Inc (ESI) shares does the executive own after the reported Form 4 transactions?
Following the reported transactions on 12/10/2025, the executive directly beneficially owned 305,718 shares of Element Solutions Inc common stock.
How were taxes handled on the Element Solutions Inc (ESI) share award vesting?
To satisfy estimated tax obligations upon vesting of the share award, 132,720 shares of Element Solutions Inc common stock were withheld at a price of $27.58 per share.
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.
Are there lock-up restrictions on the newly vested Element Solutions Inc (ESI) shares?
Yes. Under the award terms, the net vested shares are subject to a lock-up effective 12/10/2025, with restrictions expiring ratably on the first, second and third anniversary of that lock-up date.