[Form 4] ESAB Corp Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ESAB Corp President and CEO Shyam Kambeyanda reported equity award activity involving restricted stock units and common shares. He exercised or converted 3,808 restricted stock units, receiving the same number of ESAB common shares at a stated price of $0.00 per share, reflecting the nature of the award.
In a related move, 1,872 common shares were withheld by ESAB Corporation at a price of $121.64 per share to cover the CEO’s tax liability upon vesting, with footnotes clarifying that no shares were sold by him in the market. After these transactions, he directly owned 104,175 ESAB common shares and 7,617 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,808 shares exercised/converted
Mixed
3 txns
Insider
Kambeyanda Shyam
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,808 | $0.00 | -- |
| Exercise | Common stock, par value $0.001 | 3,808 | $0.00 | -- |
| Tax Withholding | Common stock, par value $0.001 | 1,872 | $121.64 | $228K |
Holdings After Transaction:
Restricted Stock Units — 7,617 shares (Direct);
Common stock, par value $0.001 — 106,047 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.