ESAB (NYSE: ESAB) CEO boosts holdings with RSUs and new stock grant
Rhea-AI Filing Summary
ESAB Corp President and CEO Shyam Kambeyanda reported routine equity compensation activity involving restricted stock units and common stock. He exercised 6,124 restricted stock units, receiving the same number of ESAB common shares. To cover related tax liabilities, the company withheld a total of 14,244 shares of common stock valued at $107.02 per share; footnotes clarify that no shares were sold by Kambeyanda in the market for these tax payments. He also received a separate grant of 23,146 shares of common stock as a stock award, increasing his direct ownership. Following these transactions, Kambeyanda directly holds 119,201 shares of ESAB common stock, reflecting an overall increase in his equity stake through vesting and awards rather than open‑market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,124 | $0.00 | -- |
| Exercise | Common stock, par value $0.001 | 6,124 | $0.00 | -- |
| Tax Withholding | Common stock, par value $0.001 | 2,867 | $107.02 | $307K |
| Grant/Award | Common stock, par value $0.001 | 23,146 | $0.00 | -- |
| Tax Withholding | Common stock, par value $0.001 | 11,377 | $107.02 | $1.22M |
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. Represents shares vested pursuant to performance-based restricted stock units granted on March 8, 2023, which vesting was subject to the certification of certain performance criteria. The award vested on March 8, 2026. 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 performance-based 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.