ESAB CHRO sells shares, exercises stock options
ESAB Corp Chief Human Resources Officer Michele Campion reported a mix of option exercises, stock sales, and new equity awards.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
ESAB Corp Chief Human Resources Officer Michele Campion reported a mix of option exercises, stock sales, and new equity awards. She exercised employee stock options for 7,196 shares, then had 4,300 shares withheld by ESAB to cover taxes and exercise costs rather than selling into the market.
Campion also sold a total of 5,096 shares of common stock in open-market transactions around $122.63 per share under a pre-arranged Rule 10b5-1 trading plan. Following these transactions, she directly owned 11,193 ESAB shares. Separately, she received new grants of 5,641 stock options and 1,624 restricted stock units that vest in three annual installments.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Options (right to buy) | 7,196 | $0.00 | $0.00 |
| Sale | Common stock, par value $0.001 | 2,200 | $122.63 | $270K |
| Exercise | Common stock, par value $0.001 | 7,196 | $47.34 | $341K |
| Exercise Price or Tax Liability | Common stock, par value $0.001 | 4,300 | $122.63 | $527K |
| Sale | Common stock, par value $0.001 | 2,896 | $122.631 | $355K |
| Grant/Award | Employee Stock Option (right to buy) | 5,641 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 1,624 | $0.00 | $0.00 |
Footnotes (7)
- F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person.
- F2. Represents shares withheld by ESAB Corporation in connection with net share settlement to satisfy the tax liability and exercise price associated with the reporting person's exercise of employee stock options. No shares were sold by the reporting person to satisfy the exercise price or this tax liability.
- F3. The price reported in this row of Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $122.630 to $122.670, inclusive. The reporting person undertakes to provide to ESAB Corporation, any security holder of ESAB Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (3) to this Form 4.
- F4. These employee stock options vest and become exercisable in three equal, annual installments on the first day month following each of the first, second and third anniversaries of the date of grant.
- F5. Each restricted stock unit represents a contingent right to receive one share of common stock of ESAB Corporation.
- F6. 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.
- F7. These employee stock options vested and became exercisable in three equal, annual installments beginning on the first anniversary of the grant date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did ESAB (ESAB) executive Michele Campion report?
What new equity awards did ESAB (ESAB) grant to Michele Campion?
How were taxes and exercise costs handled in Michele Campion’s ESAB option exercise?
AI-generated analysis. How Rhea-AI works. Not financial advice.