ESAB Corp (NYSE: ESAB) officer details RSU conversion and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ESAB Corp officer Renato Negro reported equity award activity involving restricted stock units and common shares. He acquired 509 shares of common stock through the exercise or conversion of 509 restricted stock units, then had 192 common shares withheld at a price of $121.64 per share to cover tax liabilities related to the vesting. After these transactions, he directly owned 8,826 shares of common stock and 1,020 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
509 shares exercised/converted
Mixed
3 txns
Insider
Negro Renato
Role
Controller, PAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 509 | $0.00 | -- |
| Exercise | Common stock, par value $0.001 | 509 | $0.00 | -- |
| Tax Withholding | Common stock, par value $0.001 | 192 | $121.64 | $23K |
Holdings After Transaction:
Restricted Stock Units — 1,020 shares (Direct);
Common stock, par value $0.001 — 9,018 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) officer Renato Negro report?
Renato Negro reported RSU-related equity activity at ESAB. He converted 509 restricted stock units into 509 common shares and had 192 common shares withheld to satisfy tax obligations tied to the vesting, leaving him with 8,826 common shares and 1,020 RSUs.
How do ESAB (ESAB) restricted stock units reported here vest over time?
The ESAB 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 common stock to the reporting person as conditions are met.
What does each ESAB (ESAB) restricted stock unit represent in this filing?
Each ESAB restricted stock unit represents a contingent right to receive one share of ESAB common stock. As the units vest according to the stated schedule, they convert into common shares, which may then be subject to tax withholding like the 192 shares noted here.