ESAB (NYSE: ESAB) CEO awarded 580,552-share performance stock option at $82.92
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ESAB Corp President and CEO Shyam Kambeyanda received a performance stock option grant covering 580,552 shares of ESAB common stock. The option has an exercise price of $82.92 per share and expires on June 9, 2033.
The award vests in three tranches based on ESAB’s achievement of specified performance criteria during a four-year period that starts on the second anniversary of the grant and ends on the sixth anniversary. Vesting also requires Kambeyanda’s continued service through the later of the fourth, fifth and sixth anniversaries of the grant date and the date when performance achievement is certified.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kambeyanda Shyam
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Option (right to buy) | 580,552 | $0.00 | -- |
Holdings After Transaction:
Performance Stock Option (right to buy) — 580,552 shares (Direct, null)
Footnotes (1)
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Key Figures
Option grant size: 580,552 shares
Exercise price: $82.92 per share
Expiration date: June 9, 2033
+2 more
5 metrics
Option grant size
580,552 shares
Performance stock option award covering ESAB common stock
Exercise price
$82.92 per share
Strike price for the performance stock option
Expiration date
June 9, 2033
Option expiration for the performance stock option grant
Underlying shares
580,552 shares
Underlying ESAB common stock tied to this derivative award
Performance period length
4 years
From second to sixth anniversary of grant for performance testing
Key Terms
Performance Stock Option, vests in three tranches, performance criteria, exercise price, +1 more
5 terms
Performance Stock Option financial
"The performance stock option to purchase up to 580,552 shares of ESAB common stock vests in three tranches"
vests in three tranches financial
"The performance stock option to purchase up to 580,552 shares of ESAB common stock vests in three tranches"
performance criteria financial
"based on ESAB's satisfaction of certain performance criteria during the four-year period"
exercise price financial
"conversion_or_exercise_price": "82.9200""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date": "2033-06-09T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What did ESAB (ESAB) CEO Shyam Kambeyanda report in this Form 4?
Shyam Kambeyanda reported receiving a performance stock option grant for 580,552 shares of ESAB common stock. The option is a compensation award, not an open-market share purchase or sale, and gives him the right to buy shares at a preset price if vesting conditions are met.
What is the exercise price of Shyam Kambeyanda’s ESAB (ESAB) performance stock option?
The option has an exercise price of $82.92 per share. This means Kambeyanda can buy ESAB common stock at $82.92 for vested portions of the award, up until the option’s stated expiration date in June 2033, if vesting conditions are satisfied.
When does the new ESAB (ESAB) CEO option award expire?
The performance stock option expires on June 9, 2033. Kambeyanda can only exercise vested portions of the award before that date, and vesting depends on ESAB meeting defined performance criteria and on his continued service through specified anniversaries.
How does the ESAB (ESAB) CEO performance stock option vest?
The option vests in three tranches based on ESAB’s achievement of certain performance criteria over a four-year period. This period runs from the second to the sixth anniversary of the grant date, and vesting also requires the CEO’s continued service and certification of performance results.