[Form 4] ESAB Corp Insider Trading Activity
ESAB Corp senior vice president and general counsel Curtis E. Jewell reported equity compensation activity involving restricted stock units and common shares.
Rhea-AI Filing Summary
ESAB Corp senior vice president and general counsel Curtis E. Jewell reported equity compensation activity involving restricted stock units and common shares. He acquired 605 restricted stock units through an exercise or conversion and received 605 common shares at a price of $0.0000 per share.
To cover tax obligations from the vesting of these units, 286 common shares were withheld by ESAB Corporation at $121.6400 per share; no shares were sold by Jewell on the market for this purpose. Following these transactions, he directly held 16,311 common shares.
Each restricted stock unit represents a contingent right to receive one share of ESAB common stock, vesting in three equal annual installments beginning on the first day of the month after each of the first three anniversaries of the grant date. Jewell also indirectly held 355.835 common shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 605 | $0.00 | $0.00 |
| Exercise | Common stock, par value $0.001 | 605 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock, par value $0.001 | 286 | $121.64 | $35K |
| holding | Common stock, par value $0.001 | -- | -- | -- |
Footnotes (3)
- F1. Each restricted stock unit represents a contingent right to receive one share of common stock of ESAB Corporation.
- F2. 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.
- F3. 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.
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