Renato Negro - Apr 5, 2022 Form 4 Insider Report for ESAB Corp (ESAB)

Role
Controller, PAO
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, 09:50 PM
Previous filing
Mar 18, 2022
Next filing
Dec 7, 2022

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 +5.77K $0.00 5.77K Apr 5, 2022 Common stock, par value $0.001 5.77K Direct F1, F2, F3
transaction ESAB Restricted Stock Units Award $0 +3.38K $0.00 3.38K Apr 5, 2022 Common stock, par value $0.001 3.38K Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each 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.
F3 These restricted stock units vest in three equal annual installments beginning on October 25, 2022.
F4 These restricted stock units vest in three equal annual installments beginning on February 17, 2023.