[Form 4] ESAB Corp Insider Trading Activity

Rhea-AI Filing Summary

ESAB director Patrick W. Allender was issued 213 deferred stock units (DSUs) on 09/30/2025. Each DSU represents a contingent right to one share of ESAB common stock and the units were issued in lieu of the director's cash retainer for Board service. The DSUs vest immediately and will be settled in ESAB common stock after the director separates from the company. The reported transaction shows 0 purchase price and leaves Mr. Allender with 213 shares (or share equivalents) beneficially owned following the issuance. The Form 4 was signed by an Attorney-in-Fact on behalf of the reporting person on 10/01/2025.

Insights

Corporate Governance Expert

TL;DR Routine director compensation converted to deferred equity; immediate vesting ties pay to future share settlement.

The filing documents a standard governance practice where a director elects to receive board compensation as deferred stock units rather than cash. Immediate vesting indicates the units are not subject to additional service-based vesting conditions, but settlement is deferred until separation from the company. This aligns director economic exposure with shareholder outcomes while deferring immediate share issuance until a triggering event.

Compensation Analyst

TL;DR 213 DSUs issued in lieu of cash retainer; zero cash exchanged and settlement deferred—typical non-cash director pay.

The director received 213 DSUs at no cash cost recorded on the Form 4, reflecting an in-kind election for board fees. Because settlement occurs after separation, the company preserves current share count until that time. Immediate vesting removes forfeiture risk for the director, making this a more liquid-like compensation right upon separation, but no exercise or conversion price applies as each DSU converts one-for-one to common shares upon settlement.

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^*

ALLENDER PATRICK W

(Last) (First) (Middle)

909 ROSE AVE, 8TH FLOOR

(Street)

NORTH BETHESDA MD 20852

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ESAB Corp [ ESAB ]

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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

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
Deferred Stock Units	(1)	09/30/2025		A		213		(2)	(2)	Common stock, par value $0.001	213	$0	213	D

Explanation of Responses:

1. Each deferred stock unit represents a contingent right to receive one share of ESAB common stock.

2. These deferred stock units were issued in lieu of the director's cash retainer for Board service and vest immediately. The units will be settled in ESAB common stock after the director's separation from the Company.

Remarks:

	/s/ Curtis E. Jewell, Attorney-in-Fact	10/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.