ESAB executive exercises RSUs, settles taxes in shares
ESAB Corp President, Fab Tech Olivier Biebuyck reported routine equity compensation activity.
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Rhea-AI Filing Summary
ESAB Corp President, Fab Tech Olivier Biebuyck reported routine equity compensation activity. He exercised 2,362 restricted stock units, receiving the same number of ESAB common shares. In connection with this vesting, 1,184 shares were withheld by ESAB to cover tax obligations, rather than sold in the market.
After these transactions, Biebuyck holds 21,740 ESAB common shares directly. Footnotes state that the restricted stock units vest in three equal annual installments and that remaining units from this award are scheduled to vest on May 12, 2027, reflecting ongoing stock-based compensation rather than discretionary trading.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,362 | $0.00 | $0.00 |
| Exercise | Common stock, par value $0.001 | 2,362 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock, par value $0.001 | 1,184 | $94.20 | $112K |
Footnotes (3)
- F1. Each restricted stock unit represents a contingent right to receive one share of common stock of ESAB Corporation.
- F2. 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.
- F3. This award represents restricted stock units that vest in three equal annual installments beginning on the third anniversary of the grant date. All remaining restricted stock units from this award will vest on May 12, 2027.
Key Figures
Key Terms
restricted stock units financial
tax liability financial
derivative security financial
contingent right financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did ESAB (ESAB) report for Olivier Biebuyck?
What restricted stock units did ESAB (ESAB) insider Olivier Biebuyck exercise?
How were taxes handled on ESAB (ESAB) insider Olivier Biebuyck’s RSU vesting?
When will Olivier Biebuyck’s remaining ESAB (ESAB) restricted stock units vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.