ESAB Corp (NYSE: ESAB) president adds stock from vesting and grants
Rhea-AI Filing Summary
ESAB Corp President, Fab Tech Olivier Biebuyck reported compensation-related share activity. He exercised 1,408 restricted stock units into an equal number of common shares and received a separate grant or award of 5,320 common shares. ESAB withheld 662 shares and 2,535 shares at $107.0200 per share to cover tax liabilities on these vestings, with no shares sold on the market. Following these transactions, Biebuyck directly holds 19,378 shares of ESAB common stock.
Positive
- None.
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Insights
Routine equity vesting and tax withholding with no open‑market trades.
Olivier Biebuyck, President, Fab Tech at ESAB Corp, reported routine equity compensation events. 1,408 restricted stock units converted into common stock, and 5,320 additional shares were granted as stock awards tied to service and performance conditions.
Footnotes explain that 662 shares and 2,535 shares were withheld by ESAB at $107.0200 per share to satisfy tax liabilities on these vestings, rather than being sold in the market. After these non‑market transactions, Biebuyck holds 19,378 common shares directly, indicating a higher equity stake and no discretionary buying or selling.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,408 | $0.00 | -- |
| Exercise | Common stock, par value $0.001 | 1,408 | $0.00 | -- |
| Tax Withholding | Common stock, par value $0.001 | 662 | $107.02 | $71K |
| Grant/Award | Common stock, par value $0.001 | 5,320 | $0.00 | -- |
| Tax Withholding | Common stock, par value $0.001 | 2,535 | $107.02 | $271K |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of common stock of ESAB Corporation. 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. Represents shares vested pursuant to performance-based restricted stock units granted on March 8, 2023, which vesting was subject to the certification of certain performance criteria. The award vested on March 8, 2026. 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 performance-based restricted stock units. No shares were sold by the reporting person to satisfy this tax liability. This award represents restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date. All remaining restricted stock units from this award vested on March 8, 2026.