Shyam Kambeyanda - 24 Feb 2023 Form 4 Insider Report for ESAB Corp (ESAB)

Role
President and CEO, Director
Signature
/s/ Curtis E. Jewell, Attorney-in-Fact
Issuer symbol
ESAB
Transactions as of
24 Feb 2023
Net transactions value
-$391,522
Form type
4
Filing time
28 Feb 2023, 17:00:42 UTC
Previous filing
24 Feb 2023
Next filing
07 Mar 2023
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 Options Exercise +2,722 +9.5% 31,365 24 Feb 2023 Direct F1
transaction ESAB Common stock, par value $0.001 Tax liability $75,271 -1,315 -4.2% $57.24 30,050 24 Feb 2023 Direct F2
transaction ESAB Common stock, par value $0.001 Options Exercise +11,437 +38% 41,487 24 Feb 2023 Direct F1
transaction ESAB Common stock, par value $0.001 Tax liability $316,251 -5,525 -13% $57.24 35,962 24 Feb 2023 Direct F2

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 Options Exercise $0 -2,722 -100% $0.000000* 0 24 Feb 2023 Common stock, par value $0.001 2,722 Direct F1, F3
transaction ESAB Restricted Stock Units Options Exercise $0 -11,437 -100% $0.000000* 0 24 Feb 2023 Common stock, par value $0.001 11,437 Direct F1, 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 common stock of ESAB Corporation.
F2 Represents shares withheld by ESAB Corporation in connection with net share settlement to satisfy the reporting person's tax liability based upon the vesting of restricted stock units. No shares were sold by the reporting person to satisfy this tax liability.
F3 These restricted stock units vested in full on February 24, 2023.
F4 In connection with the Company's separation from Colfax Corporation ("Colfax") on April 4, 2022, the reporting person's Colfax performance-based restricted stock units were converted into ESAB time-based restricted stock units. These ESAB restricted stock units represent converted Colfax performance-based restricted stock units that vested in full on February 24, 2023.