Christopher M. Hix - 24 Feb 2023 Form 4 Insider Report for ESAB Corp (ESAB)

Role: Director
Signature: /s/ Curtis E. Jewell, Attorney-in-Fact
Issuer symbol: ESAB
Transactions as of: 24 Feb 2023
Net transactions value: -$272,166
Form type: 4
Filing time: 28 Feb 2023, 17:00:47 UTC
Previous filing: 24 Feb 2023
Next filing: 03 Apr 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		+1,815	+5%		38,459	24 Feb 2023	Direct	F1
transaction	ESAB	Common stock, par value $0.001	Options Exercise		+7,625	+20%		46,084	24 Feb 2023	Direct	F1
transaction	ESAB	Common stock, par value $0.001	Sale	$52,346	-908	-2%	$57.65	45,176	27 Feb 2023	Direct	F2
transaction	ESAB	Common stock, par value $0.001	Sale	$219,819	-3,813	-8.4%	$57.65	41,363	27 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	-1,815	-100%	$0.000000^*	0	24 Feb 2023	Common stock, par value $0.001	1,815		Direct	F1, F3
transaction	ESAB	Restricted Stock Units	Options Exercise	$0	-7,625	-100%	$0.000000^*	0	24 Feb 2023	Common stock, par value $0.001	7,625		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	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person to meet tax obligations relating to the vesting and delivery of certain restricted stock units.
F3	These restricted stock units vested in full on February 24, 2023.
F4	In connection with ESAB'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.