ESAB executive reports RSU conversion and tax shares
ESAB Corp executive Olivier Biebuyck, President of Fab Tech, reported equity award activity involving restricted stock units and common shares.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 931 | $0.00 | $0.00 |
| Exercise | Common stock, par value $0.001 | 931 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock, par value $0.001 | 433 | $122.65 | $53K |
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 first anniversary of the grant date. The remaining restricted stock units will vest on February 22, 2027.
FAQ
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What insider transactions did ESAB (ESAB) report for Olivier Biebuyck?
What equity award activity did ESAB (ESAB) disclose for its President, Fab Tech?
How were taxes handled on Olivier Biebuyck’s ESAB (ESAB) restricted stock units?
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