ESAB (ESAB) executive converts RSUs to shares, withholds stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ESAB Corp President, Fab Tech Olivier Biebuyck reported equity compensation activity involving restricted stock units and common shares. He acquired 740 shares of common stock through an exercise or conversion of restricted stock units at a price of $0.0000 per share, increasing his common stock holdings to 16,192 shares. In a related tax-withholding transaction, 345 shares of common stock were withheld at $121.6400 per share to satisfy tax obligations tied to the vesting of restricted stock units, leaving him with 15,847 common shares held directly. Each restricted stock unit represents a right to receive one share of ESAB common stock, and these units vest in three equal annual installments following the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
740 shares exercised/converted
Mixed
3 txns
Insider
Biebuyck Olivier
Role
President, Fab Tech
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 740 | $0.00 | -- |
| Exercise | Common stock, par value $0.001 | 740 | $0.00 | -- |
| Tax Withholding | Common stock, par value $0.001 | 345 | $121.64 | $42K |
Holdings After Transaction:
Restricted Stock Units — 1,481 shares (Direct);
Common stock, par value $0.001 — 16,192 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. These restricted stock units vest in three equal, annual installments on the first day of the month following each of the first, second and third anniversaries of the date of grant.
FAQ
What insider transactions did ESAB (ESAB) executive Olivier Biebuyck report?
Olivier Biebuyck reported an exercise or conversion of 740 restricted stock units into ESAB common shares and a related withholding of 345 shares to cover taxes, reflecting routine equity compensation activity rather than an open market purchase or sale.
What do the ESAB (ESAB) restricted stock units reported by Biebuyck represent?
Each restricted stock unit represents a contingent right to receive one ESAB common share. These units vest in three equal annual installments starting on the first day of the month after each of the first three anniversaries of the grant date, subject to standard conditions.
How are Olivier Biebuyck’s ESAB (ESAB) restricted stock units scheduled to vest?
The restricted stock units vest in three equal annual installments. Vesting occurs on the first day of the month following each of the first, second, and third anniversaries of the grant date, gradually delivering ESAB common shares over this three-year period.
What do the transaction codes M and F mean in the ESAB (ESAB) Form 4?
Code M reflects an exercise or conversion of derivative securities, here restricted stock units converting into ESAB common shares. Code F indicates shares withheld to pay exercise price or tax liabilities, with this filing specifying shares were withheld to satisfy Biebuyck’s tax obligations on vesting.