Olivier Biebuyck - Apr 5, 2022 Form 4 Insider Report for ESAB Corp (ESAB)

Role
President, EMEA
Signature
Curtis E. Jewell, Attorney-in-Fact
Stock symbol
ESAB
Transactions as of
Apr 5, 2022
Transactions value $
$0
Form type
4
Date filed
4/7/2022, 09:42 PM
Previous filing
Mar 18, 2022
Next filing
May 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESAB Common stock, par value $0.001 Award $0 +2.73K $0.00 2.73K Apr 5, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ESAB Employee Stock Option (right to buy) Award $0 +7.18K $0.00 7.18K Apr 5, 2022 Common stock, par value $0.001 7.18K $51.68 Direct F2
transaction ESAB Employee Stock Option (right to buy) Award $0 +3.81K $0.00 3.81K Apr 5, 2022 Common stock, par value $0.001 3.81K $33.49 Direct F2
transaction ESAB Employee Stock Option (right to buy) Award $0 +8.83K $0.00 8.83K Apr 5, 2022 Common stock, par value $0.001 8.83K $46.94 Direct F2, F3
transaction ESAB Employee Stock Option (right to buy) Award $0 +7.44K $0.00 7.44K Apr 5, 2022 Common stock, par value $0.001 7.44K $55.96 Direct F2, F4
transaction ESAB Restricted Stock Units Award $0 +491 $0.00 491 Apr 5, 2022 Common stock, par value $0.001 491 Direct F5, F6, F7
transaction ESAB Restricted Stock Units Award $0 +965 $0.00 965 Apr 5, 2022 Common stock, par value $0.001 965 Direct F5, F6, F8
transaction ESAB Restricted Stock Units Award $0 +1.82K $0.00 1.82K Apr 5, 2022 Common stock, par value $0.001 1.82K Direct F5, F6, F9
transaction ESAB Restricted Stock Units Award $0 +2.01K $0.00 2.01K Apr 5, 2022 Common stock, par value $0.001 2.01K Direct F5, F6, F10
transaction ESAB Restricted Stock Units Award $0 +5.81K $0.00 5.81K Apr 5, 2022 Common stock, par value $0.001 5.81K Direct F5, F6, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired in the pro-rata spin-off distribution (the "Spin-Off") by Colfax Corporation ("Colfax") of the shares of ESAB Corporation ("ESAB").
F2 In connection with the Spin-Off, each outstanding Colfax stock option was converted into an award of options to purchase shares of ESAB common stock pursuant to the terms of the employee matters agreement between Colfax and ESAB in connection with the Spin-Off. The number of underlying shares was adjusted in a manner intended to preserve the aggregate intrinsic value of the original Colfax stock option.
F3 7,334 shares of the option have already vested. The shares of the option will fully vest and become exercisable in a single installment on February 24, 2023.
F4 3,092 shares of the option have already vested. The remaining shares of the option will fully vest and become exercisable in two equal installments on February 22, 2023 and February 22, 2024.
F5 Each restricted stock unit represents a contingent right to receive one share of ESAB common stock.
F6 In connection with the Spin-Off, each outstanding Colfax restricted stock unit was converted into a restricted stock unit award denominated shares of ESAB common stock pursuant to the terms of the employee matters agreement entered into between Colfax and ESAB in connection with the Spin-Off. The number of underlying shares were adjusted in a manner intended to preserve the aggregate intrinsic value of the original Colfax restricted stock unit award.
F7 These restricted stock units vest and become exercisable in a single installment on August 7, 2022.
F8 These restricted stock units vest and become exercisable in a single installment on February 24, 2023.
F9 These restricted stock units vest and become exercisable in two equal installments on July 25, 2022 and July 25, 2023.
F10 These restricted stock units vest and become exercisable in two equal installments on February 22, 2023 and February 22, 2024.
F11 These restricted stock units vest in three equal annual installments beginning on February 17, 2023.