Larry Coble - Apr 5, 2022 Form 4 Insider Report for ESAB Corp (ESAB)

Role
SVP, EBX & Supply Chain
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, 09:44 PM
Previous filing
Mar 18, 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 +4.44K $0.00 4.44K 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 Restricted Stock Units Award $0 +245 $0.00 245 Apr 5, 2022 Common stock, par value $0.001 245 Direct F2, F3, F4
transaction ESAB Restricted Stock Units Award $0 +670 $0.00 670 Apr 5, 2022 Common stock, par value $0.001 670 Direct F2, F3, F5
transaction ESAB Restricted Stock Units Award $0 +911 $0.00 911 Apr 5, 2022 Common stock, par value $0.001 911 Direct F2, F3, F6
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 F2, F3, F7
transaction ESAB Restricted Stock Units Award $0 +5.21K $0.00 5.21K Apr 5, 2022 Common stock, par value $0.001 5.21K Direct F2, F3, F8
transaction ESAB Employee Stock Option (right to buy) Award $0 +11.4K $0.00 11.4K Apr 5, 2022 Common stock, par value $0.001 11.4K $33.49 Direct F9
transaction ESAB Employee Stock Option (right to buy) Award $0 +6.14K $0.00 6.14K Apr 5, 2022 Common stock, par value $0.001 6.14K $46.94 Direct F9, F10
transaction ESAB Employee Stock Option (right to buy) Award $0 +7.42K $0.00 7.42K Apr 5, 2022 Common stock, par value $0.001 7.42K $55.96 Direct F9, F11
transaction ESAB Employee Stock Option (right to buy) Award $0 +22.4K $0.00 22.4K Apr 5, 2022 Common stock, par value $0.001 22.4K $46.04 Direct F9
transaction ESAB Employee Stock Option (right to buy) Award $0 +6.4K $0.00 6.4K Apr 5, 2022 Common stock, par value $0.001 6.4K $41.63 Direct F9
* 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 a single installment on August 7, 2022.
F5 These restricted stock units vest and become exercisable in a single installment on February 24, 2023.
F6 These restricted stock units vest and become exercisable in two equal installments on July 25, 2022 and July 25, 2023.
F7 These restricted stock units vest and become exercisable in two equal installments on February 22, 2023 and February 22, 2024.
F8 These restricted stock units vest in three equal annual installments beginning on February 17, 2023.
F9 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.
F10 5,101 shares of the option have already vested. The remaining shares of the option will fully vest and become exercisable in a single installment on February 24, 2023.
F11 3,081 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.