Univar Solutions (UNVR) Form 4 Univar Solutions / Jorge C. Buckup ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Buckup Jorge C.

(Last) (First) (Middle)

C/O UNIVAR SOLUTIONS INC.

3075 HIGHLAND PARKWAY, SUITE 200

(Street)

DOWNERS GROVE IL 60515

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Univar Solutions Inc. [ UNVR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President, Latin America

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/31/2022		A		7,232(1)	A	$0.0000(2)	24,661	D
Common Stock	12/31/2022		M		1,843	A	$0(3)	26,504	D
Common Stock	12/31/2022		M		1,323	A	$0(3)	27,827	D
Common Stock	12/31/2022		M		727	A	$0(3)	28,554	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(3)	12/31/2022		M			727	(4)	(4)	Common Stock	727	$0.0000(3)	0.0000	D
Restricted Stock Units -21	(3)	12/31/2022		M			1,843	(5)	(5)	Common Stock	1,843	$0.0000(3)	1,844	D
Restricted Stock Units- 22	(3)	12/31/2022		M			1,323	(6)	(6)	Common Stock	1,323	$0.0000(3)	2,647	D

Explanation of Responses:

1. The reported number of securities represents the settlement of the non-derivative PRSUs in shares of the Issuer's common stock following certification of performance goal attainment by the Compensation Committee on December 26,2022. The non-derivative PRSUs were granted in 2020, to be earned based on performance against predetermined Adjusted EBITDA and Return-on-Investment Capital performance goals during the three year period January 1, 2020 to December 31, 2022. The award was to be earned, if at all, upon the certification of performance goal attainment by the Compensation Committee following, and subject to the Reporting Persons continued employment through, the end of the performance period.

2. Each non-derivative performance-restricted stock unit ("PRSU") represents a contingent right to receive, at settlement, one share of common stock upon vesting. This transaction represents the settlement ofnon-derivative PRSUs in shares of the Issuer's common stock following certification of performance goal attainment by the Compensation Committee on December 26, 2022.

3. Each restricted stock unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of restricted stock units in shares of the Issuer's common stock on a vesting date of December 31, 2022.

4. On February 21, 2020, the reporting person was granted 2,180 restricted stock units, originally vesting in three equal annual installments beginning on the first anniversary of the grant date, subject to the reporting person continuing to be employed by the issuer through each such date.

5. On March 10, 2021, the reporting person was granted 5,530 restricted stock units, originally vesting in three equal annual installments beginning on the first anniversary of the grant date, subject to the reporting person continuing to be employed by the issuer through each such date.

6. On February 8, 2022 the reporting person was granted 3,970 restricted stock units, originally vesting in three equal annual installments beginning on the first anniversary of the grant date, subject to the reporting person continuing to be employed by the issuer through each such date.

	/s/ Noelle J. Perkins, as Attorney-in-Fact for Jorge Buckup	01/04/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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