Larry Coble - 05 Apr 2022 Form 4 Insider Report for ESAB Corp (ESAB)

Reporting relationship: SVP, EBX & Supply Chain
Issuer ticker: ESAB
Reported as of: 05 Apr 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 07 Apr 2022, 21:44:21 UTC
Prior SEC filing: 18 Mar 2022
Source filing: View source filing
Reporting owner signature: Curtis E. Jewell, Attorney-in-Fact

Key filing fact

Larry Coble filed Form 4 for ESAB Corp (ESAB) on 07 Apr 2022.

Key facts

This page summarizes Larry Coble's Form 4 filing for ESAB Corp (ESAB).
11 reported transactions and 10 derivative rows are listed below.
Accepted by SEC: 07 Apr 2022, 21:44.

Change

Previous filing in this sequence was filed on 18 Mar 2022.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ESAB transaction

Common stock, par value $0.001

Award

Transaction value: $0
Shares: +4,438
Change %
Price: $0.000000
Shares after: 4,438
Date: 05 Apr 2022
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ESAB transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +245
Change %
Price: $0.000000
Shares after: 245
Date: 05 Apr 2022
Ownership: Direct
Underlying class: Common stock, par value $0.001
Underlying amount: 245
Exercise price
Footnotes: F2, F3, F4

ESAB transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +670
Change %
Price: $0.000000
Shares after: 670
Date: 05 Apr 2022
Ownership: Direct
Underlying class: Common stock, par value $0.001
Underlying amount: 670
Exercise price
Footnotes: F2, F3, F5

ESAB transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +911
Change %
Price: $0.000000
Shares after: 911
Date: 05 Apr 2022
Ownership: Direct
Underlying class: Common stock, par value $0.001
Underlying amount: 911
Exercise price
Footnotes: F2, F3, F6

ESAB transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +2,007
Change %
Price: $0.000000
Shares after: 2,007
Date: 05 Apr 2022
Ownership: Direct
Underlying class: Common stock, par value $0.001
Underlying amount: 2,007
Exercise price
Footnotes: F2, F3, F7

ESAB transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +5,210
Change %
Price: $0.000000
Shares after: 5,210
Date: 05 Apr 2022
Ownership: Direct
Underlying class: Common stock, par value $0.001
Underlying amount: 5,210
Exercise price
Footnotes: F2, F3, F8

ESAB transaction Derivative

Employee Stock Option (right to buy)

Award

Transaction value: $0
Shares: +11,424
Change %
Price: $0.000000
Shares after: 11,424
Date: 05 Apr 2022
Ownership: Direct
Underlying class: Common stock, par value $0.001
Underlying amount: 11,424
Exercise price: $33.49
Footnotes: F9

ESAB transaction Derivative

Employee Stock Option (right to buy)

Award

Transaction value: $0
Shares: +6,138
Change %
Price: $0.000000
Shares after: 6,138
Date: 05 Apr 2022
Ownership: Direct
Underlying class: Common stock, par value $0.001
Underlying amount: 6,138
Exercise price: $46.94
Footnotes: F9, F10

ESAB transaction Derivative

Employee Stock Option (right to buy)

Award

Transaction value: $0
Shares: +7,415
Change %
Price: $0.000000
Shares after: 7,415
Date: 05 Apr 2022
Ownership: Direct
Underlying class: Common stock, par value $0.001
Underlying amount: 7,415
Exercise price: $55.96
Footnotes: F9, F11

ESAB transaction Derivative

Employee Stock Option (right to buy)

Award

Transaction value: $0
Shares: +22,370
Change %
Price: $0.000000
Shares after: 22,370
Date: 05 Apr 2022
Ownership: Direct
Underlying class: Common stock, par value $0.001
Underlying amount: 22,370
Exercise price: $46.04
Footnotes: F9

ESAB transaction Derivative

Employee Stock Option (right to buy)

Award

Transaction value: $0
Shares: +6,402
Change %
Price: $0.000000
Shares after: 6,402
Date: 05 Apr 2022
Ownership: Direct
Underlying class: Common stock, par value $0.001
Underlying amount: 6,402
Exercise price: $41.63
Footnotes: F9

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 11 footnotes

Footnote F1

Shares acquired in the pro-rata spin-off distribution (the "Spin-Off") by Colfax Corporation ("Colfax") of the shares of ESAB Corporation ("ESAB").

Footnote F2

Each restricted stock unit represents a contingent right to receive one share of ESAB common stock.

Footnote F3

In connection with the Spin-Off, 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.

Footnote F4

These restricted stock units vest and become exercisable in a single installment on August 7, 2022.

Footnote F5

These restricted stock units vest and become exercisable in a single installment on February 24, 2023.

Footnote F6

These restricted stock units vest and become exercisable in two equal installments on July 25, 2022 and July 25, 2023.

Footnote F7

These restricted stock units vest and become exercisable in two equal installments on February 22, 2023 and February 22, 2024.

Footnote F8

These restricted stock units vest in three equal annual installments beginning on February 17, 2023.

Footnote F9

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.

Footnote F10

5,101 shares of the option have already vested. The remaining shares of the option will fully vest and become exercisable in a single installment on February 24, 2023.

Footnote F11

3,081 shares of the option have already vested. The remaining shares of the option will fully vest and become exercisable in two equal installments on February 22, 2023 and February 22, 2024.