Christopher M. Hix - 05 Apr 2022 Form 4 Insider Report for ESAB Corp (ESAB)

Role
Director
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, 21:45:58 UTC
Previous filing
18 Mar 2022
Next filing
16 May 2022
SEC
View on sec.gov

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 +3,930 $0.000000 3,930 05 Apr 2022 Common stock, par value $0.001 3,930 Direct F1, F2, F3
transaction ESAB Restricted Stock Units Award $0 +1,815 $0.000000 1,815 05 Apr 2022 Common stock, par value $0.001 1,815 Direct F1, F2, F4
transaction ESAB Restricted Stock Units Award $0 +3,346 $0.000000 3,346 05 Apr 2022 Common stock, par value $0.001 3,346 Direct F1, F2, F5
transaction ESAB Restricted Stock Units Award $0 +9,649 $0.000000 9,649 05 Apr 2022 Common stock, par value $0.001 9,649 Direct F1, F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit or performance restricted stock unit represents a contingent right to receive one share of ESAB Corporation ("ESAB") common stock.
F2 In connection with the pro-rata spin-off distribution (the "Spin-Off") by Colfax Corporation ("Colfax") of the shares of ESAB, 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. For Mr. Hix, who, following the Spin-Off, will continue to serve as Executive Vice President, Finance and Chief Financial Officer of Enovis (fka Colfax) and will serve as a non-employee director of ESAB, 50% of his RSU awards have been converted into ESAB equity awards.
F3 These restricted stock units vest and become exercisable in a single installment on December 13, 2022.
F4 These restricted stock units vest and become exercisable in a single installment on February 24, 2023.
F5 These restricted stock units vest and become exercisable in two equal installments on February 22, 2023 and February 22, 2024.
F6 These restricted stock units vest in three equal annual installments beginning on February 17, 2023.