ESAB (NYSE: ESAB) controller nets 649 shares after RSU vesting tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ESAB Corp officer Renato Negro, Controller PAO, exercised restricted stock units into common stock as part of equity compensation. He converted 986 restricted stock units into 986 shares of common stock at a conversion price of $0.00 per share.
To cover associated tax liabilities on the RSU vesting, 337 shares were withheld by ESAB at a price of $107.02 per share, rather than sold in the market. After these transactions, Negro holds 9,475 shares of ESAB common stock directly, reflecting a net increase of 649 shares from this vesting event.
Positive
- None.
Negative
- None.
Insider Trade Summary
986 shares exercised/converted
Mixed
3 txns
Insider
Negro Renato
Role
Controller, PAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 986 | $0.00 | -- |
| Exercise | Common stock, par value $0.001 | 986 | $0.00 | -- |
| Tax Withholding | Common stock, par value $0.001 | 337 | $107.02 | $36K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common stock, par value $0.001 — 9,812 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. All remaining restricted stock units from this award vested on March 8, 2026.
FAQ
What insider transaction did ESAB (ESAB) report for Renato Negro?
ESAB reported that officer Renato Negro exercised 986 restricted stock units into common stock. To satisfy taxes on the vesting, 337 shares were withheld by the company, leaving him with 9,475 common shares directly held.
What was the size of the ESAB (ESAB) RSU vesting for Renato Negro?
The RSU vesting covered 986 restricted stock units, each equal to one ESAB common share. All remaining units from this award vested on March 8, 2026, leading to the share issuance and related tax-withholding transaction reported in the Form 4.
How do Renato Negro’s ESAB (ESAB) RSUs vest over time?
The reported RSU award vests in three equal annual installments starting on the first anniversary of the grant. According to the disclosure, all remaining restricted stock units from this award fully vested on March 8, 2026, triggering the reported transactions.