ESAB (ESAB) CHRO exercises RSUs; 902 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ESAB Corp Chief Human Resources Officer Michele Campion reported routine equity compensation activity involving restricted stock units. She exercised RSUs covering 1,835 shares of common stock, converting them into directly held shares. In connection with the vesting, 902 shares were withheld by ESAB at a price of $94.20 per share to satisfy her tax liability; no shares were sold in the market. Following these transactions, she directly holds 16,108 shares of common stock and 1,836 restricted stock units that continue to vest according to their schedule.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,835 shares exercised/converted
Mixed
3 txns
Insider
Campion Michele
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,835 | $0.00 | -- |
| Exercise | Common stock, par value $0.001 | 1,835 | $0.00 | -- |
| Tax Withholding | Common stock, par value $0.001 | 902 | $94.20 | $85K |
Holdings After Transaction:
Restricted Stock Units — 1,836 shares (Direct, null);
Common stock, par value $0.001 — 16,108 shares (Direct, null)
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 third anniversary of the grant date. All remaining restricted stock units from this award will vest on May 12, 2027.
Key Figures
RSUs exercised: 1,835 shares
Tax withholding shares: 902 shares
Withholding price: $94.20 per share
+3 more
6 metrics
RSUs exercised
1,835 shares
Restricted stock units converted into ESAB common stock
Tax withholding shares
902 shares
Shares withheld to satisfy tax liability on RSU vesting
Withholding price
$94.20 per share
Value used for shares withheld for taxes
Common shares after exercise
16,108 shares
Total ESAB common stock directly held after transactions
RSUs remaining
1,836 units
Restricted stock units remaining after the reported exercise
RSU vesting completion date
May 12, 2027
Date when all remaining units from this award will vest
Key Terms
Restricted Stock Units, net share settlement, tax liability, derivative security, +1 more
5 terms
Restricted Stock Units financial
"The security title includes Restricted Stock Units with underlying common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax liability financial
"Shares were withheld by ESAB Corporation to satisfy the reporting person's tax liability upon vesting."
derivative security financial
"Transaction code M is described as Exercise or conversion of derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock."
FAQ
What did ESAB (ESAB) executive Michele Campion report in this Form 4?
Michele Campion reported routine equity compensation activity, exercising 1,835 restricted stock units into common shares and having 902 shares withheld to cover taxes. No open-market stock sales or purchases were disclosed in this filing.
What is the nature of the restricted stock units reported for ESAB (ESAB)?
Each restricted stock unit represents a contingent right to receive one share of ESAB common stock. The award vests in three equal annual installments, with all remaining units from this grant scheduled to vest on May 12, 2027, if conditions are met.
When will Michele Campion’s remaining ESAB (ESAB) restricted stock units vest?
The filing states that the restricted stock unit award vests in three equal annual installments beginning on the third anniversary of the grant date. All remaining restricted stock units from this award will vest on May 12, 2027, if she remains eligible.