ESAB Corp (NYSE: ESAB) SVP nets common shares after RSU and performance awards vest
Rhea-AI Filing Summary
ESAB Corp senior vice president and general counsel Curtis E. Jewell reported routine equity compensation activity. On
Positive
- None.
Negative
- None.
FAQ
What did ESAB (ESAB) executive Curtis Jewell report in this Form 4?
SVP and general counsel Curtis E. Jewell reported routine equity compensation activity. Restricted stock units converted into 951 common shares, performance-based awards vested into 3,592 shares, and some shares were withheld by ESAB to cover taxes, with no open-market sales disclosed.
Were any ESAB (ESAB) shares sold on the open market in this filing?
No open-market sales were reported. Shares labeled with code F were withheld by ESAB to satisfy Jewell’s tax liabilities upon RSU and performance-based RSU vesting, and the footnotes state that no shares were sold by the reporting person to meet these tax obligations.
How many ESAB (ESAB) shares does Curtis Jewell hold after these transactions?
Following the reported transactions, Curtis E. Jewell directly holds 18,711 shares of ESAB common stock. He also has an indirect holding of 355.835 shares through a 401(k) plan, according to the ownership entries included in the Form 4 data.
What type of equity awards vested for ESAB (ESAB) SVP Curtis Jewell?
The filing shows vesting of time-based restricted stock units and performance-based restricted stock units. Each unit represents a right to receive one ESAB common share, and performance-based units granted on
Why were ESAB (ESAB) shares withheld from Curtis Jewell in this Form 4?
Shares marked with transaction code F were withheld by ESAB to satisfy Jewell’s tax liabilities related to the vesting of restricted stock units and performance-based units. The footnotes clarify that these withholdings were for tax settlement and not market sales.
Did Curtis Jewell exercise any derivative securities in ESAB (ESAB)?
Yes. The Form 4 shows an M-code transaction where 951 restricted stock units were exercised or converted into 951 ESAB common shares. After this exercise, no remaining derivative position from that specific RSU award is listed in the derivative summary.