Lincoln Electric (LECO) CFO reports option grant, RSU shares and tax withholding
Rhea-AI Filing Summary
Lincoln Electric Holdings EVP, CFO & Treasurer Gabriel Bruno reported equity compensation activity and related tax withholding. On February 18, he received a grant of 5,780 employee stock options with an exercise price of $0.00 per share, exercisable in three equal installments on the first, second and third anniversaries of the grant date. He also acquired 1,444 common shares pursuant to a restricted stock unit award, bringing his direct common share holdings to 30,195 shares, including 277 shares held jointly with his spouse. On February 19, 161 common shares were disposed of at $288.12 per share in a tax-withholding disposition to cover obligations, reducing his direct common share holdings to 30,034 shares.
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Insights
Routine equity grants and tax withholding, modest overall ownership change.
Gabriel Bruno, EVP, CFO & Treasurer of Lincoln Electric Holdings, reported standard executive equity compensation events. He received 5,780 employee stock options and 1,444 common shares via restricted stock units, expanding his incentive-based alignment with shareholders.
The options vest in three annual installments, creating a multi-year retention and performance incentive. A 161-share tax-withholding disposition at $288.12 per share covered tax obligations, a non–open-market transaction that slightly reduced his direct common share count to 30,034 shares, including 277 held jointly with his spouse.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 161 | $288.12 | $46K |
| Grant/Award | Employee Stock Option (Right to Buy) | 5,780 | $0.00 | -- |
| Grant/Award | Common Shares | 1,444 | $0.00 | -- |
Footnotes (1)
- Pursuant to restricted stock unit award. Total includes 277 shares held jointly with Reporting Person's spouse. Exercisable in equal installments on the first, second and third anniversaries of the date of grant.
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