ESAB Corp (ESAB) CFO receives stock awards; shares withheld to cover taxes
Rhea-AI Filing Summary
ESAB Corp Chief Financial Officer Kevin J. Johnson reported compensation-related equity transactions. He exercised 2,006 restricted stock units into an equal number of common shares and received a separate stock award of 7,582 common shares. ESAB withheld a total of 4,713 shares, valued at $107.02 per share, to cover tax liabilities upon vesting, with no shares sold on the open market. After these transactions, Johnson directly holds 32,561 shares of ESAB common stock.
Positive
- None.
Negative
- None.
Insights
CFO activity reflects routine equity vesting, tax withholding, and new awards.
Kevin J. Johnson, CFO of ESAB Corp, exercised 2,006 restricted stock units into common shares and received a new 7,582-share stock award. These are standard components of executive compensation, tied to time-based and performance-based vesting.
The company withheld 4,713 shares at $107.02 per share to satisfy tax liabilities, as confirmed in the footnotes, and explicitly notes that no shares were sold by Johnson. Following these actions, he directly owns 32,561 common shares, with no remaining derivatives shown in this filing.
Because all dispositions were for tax withholding and there were no open-market sales or large reductions in holdings, the activity appears routine rather than thesis-changing for investors. Future compensation-related vestings would be expected to appear in subsequent filings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,006 | $0.00 | -- |
| Exercise | Common stock, par value $0.001 | 2,006 | $0.00 | -- |
| Tax Withholding | Common stock, par value $0.001 | 986 | $107.02 | $106K |
| Grant/Award | Common stock, par value $0.001 | 7,582 | $0.00 | -- |
| Tax Withholding | Common stock, par value $0.001 | 3,727 | $107.02 | $399K |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of common stock of ESAB Corporation. Represents shares withheld by ESAB Corporation in connection with net share settlement to satisfy the reporting person's tax liability based upon the vesting of restricted stock units. No shares were sold by the reporting person to satisfy this tax liability. Represents shares vested pursuant to performance-based restricted stock units granted on March 8, 2023, which vesting was subject to the certification of certain performance criteria. The award vested on March 8, 2026. Represents shares withheld by ESAB Corporation in connection with net share settlement to satisfy the reporting person's tax liability based upon the vesting of performance-based restricted stock units. No shares were sold by the reporting person to satisfy this tax liability. This award represents restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date. All remaining restricted stock units from this award vested on March 8, 2026.