Christopher L. Mapes - Dec 12, 2023 Form 4 Insider Report for LINCOLN ELECTRIC HOLDINGS INC (LECO)

Signature
/s/ Susan K. Prewitt, Attorney-in-Fact
Stock symbol
LECO
Transactions as of
Dec 12, 2023
Transactions value $
-$21,942,776
Form type
4
Date filed
12/13/2023, 04:30 PM
Previous filing
Jun 15, 2023
Next filing
Jan 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LECO Common Shares Options Exercise $5.85M +68.6K +59.86% $85.30 183K Dec 12, 2023 Direct F1
transaction LECO Common Shares Sale -$8.45M -40.9K -22.3% $206.77 142K Dec 12, 2023 Direct F2
transaction LECO Common Shares Sale -$5.76M -27.8K -19.49% $207.55 115K Dec 12, 2023 Direct F3

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 LECO Employee Stock Option (Right to Buy) Options Exercise $0 -68.6K -100% $0.00* 0 Dec 12, 2023 Common Shares 68.6K $85.30 Direct F4
transaction LECO Deferred Shares Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities -$13.6M -65.8K -100% $206.60 0 Dec 12, 2023 Common Shares 65.8K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The deferred shares reported on Table II were previously earned under Issuer equity awards and previously reported in the Reported Person's direct common shares holdings on Table I.
F2 This transaction was executed in multiple trades at prices ranging from $206.32 to $207.3104. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 This transaction was executed in multiple trades at prices ranging from $207.32 to $207.94. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F4 Exercisable in equal installments on the first, second and third anniversaries of the date of grant.
F5 A deferred share is the economic equivalent of one Issuer common share. Deferred shares are payable in Issuer common shares pursuant to the Reporting Person's deferral election, but the Reporting Person may be authorized to transfer deferred shares into alternative investments, under the Issuer's 2005 Deferred Compensation Plan for Executives.