ESAB Corp (ESAB) CFO converts RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ESAB Corp Chief Financial Officer Kevin J. Johnson exercised 1,127 restricted stock units into common shares, increasing his direct holdings. On the same date, 554 common shares were withheld by ESAB to cover tax obligations upon vesting, rather than sold in the market.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,127 shares exercised/converted
Mixed
3 txns
Insider
Johnson Kevin J
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,127 | $0.00 | -- |
| Exercise | Common stock, par value $0.001 | 1,127 | $0.00 | -- |
| Tax Withholding | Common stock, par value $0.001 | 554 | $121.64 | $67K |
Holdings After Transaction:
Restricted Stock Units — 2,254 shares (Direct);
Common stock, par value $0.001 — 28,240 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 transaction did ESAB (ESAB) disclose for its CFO?
ESAB disclosed that CFO Kevin J. Johnson exercised 1,127 restricted stock units into common stock. On the same date, 554 common shares were withheld by the company to satisfy tax liabilities related to the RSU vesting, rather than sold in the open market.
How do the ESAB CFO’s restricted stock units vest over time?
The reported 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, aligning compensation with multi-year service at ESAB Corporation.
What is the CFO’s ESAB common stock holding after these transactions?
After the derivative exercise and tax-withholding disposition, Kevin J. Johnson directly holds 27,686 shares of ESAB common stock. This balance reflects the net result of converting 1,127 restricted stock units and withholding 554 shares to cover associated tax obligations.