ESAB (ESAB) director converts 637 RSUs to stock as units vest
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ESAB Corp director Melissa Cummings reported a routine equity compensation event involving 637 shares of common stock. On June 1, 2026, 637 Restricted Stock Units vested in a single installment and were exercised at $0.0000 per unit into 637 shares of ESAB common stock, which she now holds directly. A separate line reflects 49.428 shares of common stock held indirectly by her son as of the same date.
Positive
- None.
Negative
- None.
Insider Trade Summary
637 shares exercised/converted
Mixed
3 txns
Insider
Cummings Melissa
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 637 | $0.00 | -- |
| Exercise | Common stock, par value $0.001 | 637 | $0.00 | -- |
| holding | Common stock, par value $0.001 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common stock, par value $0.001 — 637 shares (Direct, null);
Common stock, par value $0.001 — 49.428 shares (Indirect, Held by son.)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of common stock of ESAB Corporation. These restricted stock units vested in a single installment on June 1, 2026.
Key Figures
RSUs exercised: 637 units
Common shares acquired: 637 shares
Exercise price: $0.0000 per unit
+2 more
5 metrics
RSUs exercised
637 units
Restricted Stock Units exercised into common stock on June 1, 2026
Common shares acquired
637 shares
Common stock held directly after RSU conversion
Exercise price
$0.0000 per unit
Stated transaction price for RSU conversion
Indirect holdings
49.428 shares
Common stock held indirectly, described as held by son
Exercised derivative transactions
1 transaction, 637 shares
ExerciseCount and exerciseShares in transaction summary
Key Terms
Restricted Stock Units, derivative security, indirect ownership, contingent right
4 terms
Restricted Stock Units financial
"The filing lists "Restricted Stock Units" as a derivative security exercised into common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"The transaction code description notes an "Exercise or conversion of derivative security" for the RSUs."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
indirect ownership financial
"An entry shows 49.428 shares with ownership type indirect and nature "Held by son.""
contingent right financial
"A footnote states each restricted stock unit represents a contingent right to receive one share."
FAQ
What insider transaction did ESAB (ESAB) director Melissa Cummings report?
Melissa Cummings reported the vesting and exercise of 637 Restricted Stock Units into 637 ESAB common shares. The Form 4 characterizes this as an exercise or conversion of a derivative security rather than an open-market purchase or sale.
What happened to Melissa Cummings’ ESAB Restricted Stock Units on June 1, 2026?
All 637 Restricted Stock Units vested in a single installment on June 1, 2026 and were exercised into an equal number of ESAB common shares. After this transaction, the filing shows zero remaining units from that specific RSU award.