ESAB (ESAB) director takes 123 deferred stock units instead of cash retainer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Teirlinck Didier P reported acquisition or exercise transactions in this Form 4 filing.
ESAB Corp director Didier P. Teirlinck received a grant of 123 deferred stock units as Board compensation. Each deferred stock unit represents a contingent right to receive one share of ESAB common stock. The units were issued in lieu of his cash retainer, vest immediately, and will be settled in ESAB common stock after his separation from the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Teirlinck Didier P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 123 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 123 shares (Direct)
Footnotes (1)
- Each deferred stock unit represents a contingent right to receive one share of ESAB common stock. These deferred stock units were issued in lieu of the director's cash retainer for Board service and vest immediately. The units will be settled in ESAB common stock after the director's separation from the Company.
Key Figures
Deferred stock units granted: 123 units
Transaction price per unit: $0.0000
Deferred stock units after transaction: 123 units
+1 more
4 metrics
Deferred stock units granted
123 units
Director Board compensation grant
Transaction price per unit
$0.0000
Compensation grant, non-cash
Deferred stock units after transaction
123 units
Holdings of this award following grant
Underlying common stock equivalence
123 shares
Each deferred unit equals one ESAB common share
Key Terms
Deferred Stock Units, contingent right, cash retainer, vest immediately, +1 more
5 terms
Deferred Stock Units financial
"The Form 4 reports a grant of Deferred Stock Units to the director."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
contingent right financial
"Each deferred stock unit represents a contingent right to receive one share of ESAB common stock."
cash retainer financial
"These deferred stock units were issued in lieu of the director's cash retainer for Board service."
vest immediately financial
"These deferred stock units were issued in lieu of the director's cash retainer for Board service and vest immediately."
settled in ESAB common stock financial
"The units will be settled in ESAB common stock after the director's separation from the Company."
FAQ
What insider transaction did ESAB (ESAB) report for Didier P. Teirlinck?
ESAB reported that director Didier P. Teirlinck received 123 deferred stock units as compensation. These units were granted in lieu of his cash retainer for Board service and give him a future right to receive ESAB common shares after leaving the company.
How many ESAB (ESAB) deferred stock units were granted in this Form 4?
The Form 4 shows a grant of 123 deferred stock units to director Didier P. Teirlinck. Each unit corresponds to one share of ESAB common stock, providing equity-based compensation instead of a cash retainer for his Board role.
Were the ESAB (ESAB) deferred stock units granted to the director immediately vested?
Yes, the deferred stock units granted to the director vest immediately. Although vesting occurs at once, the units are only settled in ESAB common stock after the director’s separation from the company, aligning compensation with long-term service.
How will the ESAB (ESAB) deferred stock units be settled for the director?
The deferred stock units will be settled in ESAB common stock after the director’s separation from the company. Each unit represents a contingent right to receive one ESAB common share, turning board fees into future equity rather than current cash.
Was there any cash paid in this ESAB (ESAB) Form 4 transaction?
No cash was paid in this transaction. The deferred stock units were issued in lieu of the director’s cash retainer for Board service, with a reported transaction price per unit of $0.0000, reflecting compensation rather than a market purchase or sale.
What does a deferred stock unit mean for ESAB (ESAB) directors?
A deferred stock unit gives a director a contingent right to receive one share of ESAB common stock later. In this case, the units vest immediately but will be converted into ESAB shares only after the director leaves the company, deferring actual share delivery.