Michele Campion - 05 Apr 2022 Form 4 Insider Report for ESAB Corp (ESAB)

Role
Chief Human Resources Officer
Signature
Curtis E. Jewell, Attorney-in-Fact
Issuer symbol
ESAB
Transactions as of
05 Apr 2022
Net transactions value
$0
Form type
4
Filing time
07 Apr 2022, 21:43:34 UTC
Previous filing
18 Mar 2022
Next filing
16 May 2022
SEC
View on sec.gov

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 +688 $0.000000 688 05 Apr 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 Restricted Stock Units Award $0 +2,311 $0.000000 2,311 05 Apr 2022 Common stock, par value $0.001 2,311 Direct F2, F3, F4
transaction ESAB Restricted Stock Units Award $0 +1,506 $0.000000 1,506 05 Apr 2022 Common stock, par value $0.001 1,506 Direct F2, F3, F5
transaction ESAB Restricted Stock Units Award $0 +1,264 $0.000000 1,264 05 Apr 2022 Common stock, par value $0.001 1,264 Direct F2, F3, F6
transaction ESAB Restricted Stock Units Award $0 +3,756 $0.000000 3,756 05 Apr 2022 Common stock, par value $0.001 3,756 Direct F2, F3, F7
transaction ESAB Employee Stock Option (right to buy) Award $0 +5,864 $0.000000 5,864 05 Apr 2022 Common stock, par value $0.001 5,864 $41.79 Direct F8, F9
transaction ESAB Employee Stock Option (right to buy) Award $0 +4,672 $0.000000 4,672 05 Apr 2022 Common stock, par value $0.001 4,672 $55.96 Direct F8, F10
* 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 Each restricted stock unit represents a contingent right to receive one share of ESAB common stock.
F3 In connection with the Spin-Off, each outstanding Colfax restricted stock unit was converted into a restricted stock unit award denominated in 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.
F4 These restricted stock units vest and become exercisable in two equal installments on September 14, 2022 and September 14, 2023.
F5 These restricted stock units vest and become exercisable in two equal installments on September 14, 2022 and September 14, 2023.
F6 These restricted stock units vest and become exercisable in two equal installments on February 22, 2023 and February 22, 2024.
F7 These restricted stock units vest in three equal annual installments beginning on February 17, 2023.
F8 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.
F9 2,437 shares of the option have already vested. The remaining shares of the option will fully vest and become exercisable in two equal installments on September 14, 2022 and September 14, 2023.
F10 1,942 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.