Rajiv Vinnakota - Apr 5, 2022 Form 4 Insider Report for ESAB Corp (ESAB)

Role
Director
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, 09:51 PM
Previous filing
Apr 5, 2022
Next filing
May 16, 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 +Grant/Award $0 +1,321 $0.00 1,321 Apr 5, 2022 Common stock, par value $0.001 1,321 Direct F1, F2, F3
transaction ESAB Stock Option (right to buy) +Grant/Award $0 +1,159 $0.00 1,159 Apr 5, 2022 Common stock, par value $0.001 1,159 $63.37 Direct F4
transaction ESAB Stock Option (right to buy) +Grant/Award $0 +1,905 $0.00 1,905 Apr 5, 2022 Common stock, par value $0.001 1,905 $31.10 Direct F4
transaction ESAB Stock Option (right to buy) +Grant/Award $0 +2,366 $0.00 2,366 Apr 5, 2022 Common stock, par value $0.001 2,366 $33.33 Direct F4
transaction ESAB Stock Option (right to buy) +Grant/Award $0 +1,700 $0.00 1,700 Apr 5, 2022 Common stock, par value $0.001 1,700 $49.42 Direct F4
transaction ESAB Stock Option (right to buy) +Grant/Award $0 +2,127 $0.00 2,127 Apr 5, 2022 Common stock, par value $0.001 2,127 $40.55 Direct F4
transaction ESAB Stock Option (right to buy) +Grant/Award $0 +2,783 $0.00 2,783 Apr 5, 2022 Common stock, par value $0.001 2,783 $33.02 Direct F4

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. For Mr. Vinnakota, 50% of his awards have been converted into ESAB equity awards and 50% will remain Colfax (Enovis) equity awards.
F3 These restricted stock units vest and become exercisable in a single installment on May 12, 2022.
F4 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. For Mr. Vinnakota, who, following the Spin-Off, will continue to serve as a director of Enovis (fka Colfax) and will serve as a director of ESAB, except for any shares or units deferred under the Colfax Director Deferred Compensation Plan, 50% of his awards have been converted into ESAB equity awards and 50% will remain Colfax (Enovis) equity awards.