ESAB (ESAB) executive exercises 2,362 RSUs and has 1,184 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ESAB Corp President, Fab Tech Olivier Biebuyck reported routine equity compensation activity. He exercised 2,362 restricted stock units, receiving the same number of ESAB common shares. In connection with this vesting, 1,184 shares were withheld by ESAB to cover tax obligations, rather than sold in the market.
After these transactions, Biebuyck holds 21,740 ESAB common shares directly. Footnotes state that the restricted stock units vest in three equal annual installments and that remaining units from this award are scheduled to vest on May 12, 2027, reflecting ongoing stock-based compensation rather than discretionary trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,362 shares exercised/converted
Mixed
3 txns
Insider
Biebuyck Olivier
Role
President, Fab Tech
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,362 | $0.00 | -- |
| Exercise | Common stock, par value $0.001 | 2,362 | $0.00 | -- |
| Tax Withholding | Common stock, par value $0.001 | 1,184 | $94.20 | $112K |
Holdings After Transaction:
Restricted Stock Units — 2,362 shares (Direct, null);
Common stock, par value $0.001 — 21,740 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of common stock of ESAB Corporation. 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. This award represents restricted stock units that vest in three equal annual installments beginning on the third anniversary of the grant date. All remaining restricted stock units from this award will vest on May 12, 2027.
Key Figures
Shares withheld for taxes: 1,184 shares at $94.20
RSUs exercised: 2,362 units
Shares held after transaction: 21,740 shares
+3 more
6 metrics
Shares withheld for taxes
1,184 shares at $94.20
Withholding on RSU vesting for tax liability
RSUs exercised
2,362 units
Restricted stock units converted into ESAB common stock
Shares held after transaction
21,740 shares
Direct ESAB common stock holdings post-transaction
RSU conversion ratio
1:1
Each restricted stock unit equals one ESAB common share
Tax-withholding shares count
1,184 shares
Shares retained by ESAB in net share settlement
Remaining RSU vesting date
May 12, 2027
All remaining restricted stock units from this award vest
Key Terms
restricted stock units, net share settlement, tax liability, derivative security, +1 more
5 terms
restricted stock units financial
"This award represents restricted stock units that vest in three equal annual installments"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax liability financial
"to satisfy the reporting person's tax liability based upon the vesting of restricted stock units"
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock"
FAQ
What insider transactions did ESAB (ESAB) report for Olivier Biebuyck?
ESAB reported that President, Fab Tech Olivier Biebuyck exercised 2,362 restricted stock units into common shares. In the same event, 1,184 shares were withheld by ESAB to cover his tax liability, with no open-market sales by Biebuyck.
What restricted stock units did ESAB (ESAB) insider Olivier Biebuyck exercise?
Olivier Biebuyck exercised 2,362 restricted stock units, each converting into one ESAB common share. The filing states these units are part of an award that vests in three equal annual installments, with remaining units scheduled to vest on May 12, 2027.
How were taxes handled on ESAB (ESAB) insider Olivier Biebuyck’s RSU vesting?
Taxes were settled via share withholding. ESAB retained 1,184 common shares in a net share settlement to cover Olivier Biebuyck’s tax liability, at a price of $94.20 per share, instead of him selling shares in the open market.
When will Olivier Biebuyck’s remaining ESAB (ESAB) restricted stock units vest?
The restricted stock unit award vests in three equal annual installments beginning on the third anniversary of the grant. The filing notes that all remaining restricted stock units from this award are scheduled to vest on May 12, 2027.