ESAB (NYSE: ESAB) executive logs RSU conversion and 433 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ESAB Corp executive Olivier Biebuyck, President of Fab Tech, reported equity award activity involving restricted stock units and common shares. He exercised or converted 931 restricted stock units into 931 shares of common stock at a stated price of $0.0000 per share. To cover taxes on the vesting, 433 common shares were withheld by ESAB at a price of $122.65 per share, with no shares sold by Biebuyck in the market. After these transactions, he directly owned 15,452 common shares of ESAB.
Positive
- None.
Negative
- None.
Insider Trade Summary
931 shares exercised/converted
Mixed
3 txns
Insider
Biebuyck Olivier
Role
President, Fab Tech
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 931 | $0.00 | -- |
| Exercise | Common stock, par value $0.001 | 931 | $0.00 | -- |
| Tax Withholding | Common stock, par value $0.001 | 433 | $122.65 | $53K |
Holdings After Transaction:
Restricted Stock Units — 931 shares (Direct);
Common stock, par value $0.001 — 15,885 shares (Direct)
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. This award represents restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date. The remaining restricted stock units will vest on February 22, 2027.
FAQ
What insider transactions did ESAB (ESAB) report for Olivier Biebuyck?
ESAB reported that Olivier Biebuyck exercised or converted 931 restricted stock units into 931 common shares and had 433 common shares withheld to satisfy tax liabilities tied to vesting, with no open-market sales by him.
What equity award activity did ESAB (ESAB) disclose for its President, Fab Tech?
ESAB disclosed that its President, Fab Tech, Olivier Biebuyck, converted 931 restricted stock units into common shares and had 433 shares withheld for tax obligations. Each restricted stock unit represents a contingent right to receive one ESAB common share.
How were taxes handled on Olivier Biebuyck’s ESAB (ESAB) restricted stock units?
Taxes were handled through net share settlement. ESAB withheld 433 common shares at a price of $122.65 per share to satisfy Olivier Biebuyck’s tax liability arising from the vesting of restricted stock units, rather than him selling shares.