Rales Mitchell P - Aug 5, 2024 Form 4 Insider Report for ESAB Corp (ESAB)

Role
Director
Signature
/s/ Mitchell P. Rales
Stock symbol
ESAB
Transactions as of
Aug 5, 2024
Transactions value $
$0
Form type
4
Date filed
8/6/2024, 04:05 PM
Previous filing
Feb 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESAB Common Stock, par value $.001 Award $0 -3.57K -23.06% $0.00 11.9K Aug 5, 2024 Direct F1
holding ESAB Common Stock, par value $.001 3.36M Aug 5, 2024 Through single-member LLC F2
holding ESAB Common Stock, par value $.001 4.82K Aug 5, 2024 By trust for daughter F3
holding ESAB Common Stock, par value $.001 4.82K Aug 5, 2024 By trust for daughter F3
holding ESAB Common Stock, par value $.001 9.33K Aug 5, 2024 By spouse F4
holding ESAB Common Stock, par value $.001 226K Aug 5, 2024 By the Mitchell P. Rales Family Trust F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 5, 2024, the Issuer granted to the Reporting Person restricted stock units ("Annual Grant RSUs") of the Issuer in the amount indicated as an annual equity grant made to the Reporting Person. Since the Annual Grant RSUs are payable solely in common stock, they are being reported in Table I of this Form 4. The Annual Grant RSUs vest on the first anniversary of the grant date, but the underlying shares will not be issued until the earlier of the Reporting Person's death or the first day of the seventh month following the Reporting Person's retirement from the Board of Directors of the Issuer.
F2 The reported shares are held through a single-member LLC, of which a revocable trust with the Reporting Person as the sole trustee and beneficiary is the sole member.
F3 The reported shares are held through custodial accounts for the benefit of the Reporting Person's daughter. The Reporting Person disclaims beneficial ownership of the shares held by his daughter, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of his daughter's shares for purposes of Section 16 or for any other purpose.
F4 The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. Neither this filing nor anything contained herein shall be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 13 of the Securities Exchange Act of 1934 or otherwise.
F5 The reporting person is a trustee of the Mitchell P. Rales Family Trust.