Shyam Kambeyanda - Feb 22, 2024 Form 4 Insider Report for ESAB Corp (ESAB)

Role
President and CEO, Director
Signature
/s/ Curtis E. Jewell, Attorney-in-Fact
Stock symbol
ESAB
Transactions as of
Feb 22, 2024
Transactions value $
-$682,447
Form type
4
Date filed
3/1/2024, 05:18 PM
Previous filing
Feb 21, 2024
Next filing
Mar 7, 2024

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 +15.1K +32.05% 62.1K Feb 22, 2024 Direct F1
transaction ESAB Common stock, par value $0.001 Tax liability -$682K -7.27K -11.72% $93.82 54.8K Feb 22, 2024 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 -15.1K -100% $0.00* 0 Feb 22, 2024 Common stock, par value $0.001 15.1K Direct F1, F3
* 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. These restricted stock units represent performance based restricted stock units originally granted by Enovis Corporation that were converted into time based restricted stock units upon ESAB Corporation's separation from Enovis Corporation on April 4, 2022.
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 All remaining restricted stock units from this grant vested on February 22, 2024. Following the reported transaction, no restricted stock units from this grant remain unvested and outstanding.