Form 4: ESAB Corp CEO Shyam Kambeyanda Reports Stock Transactions
SEC Form 4 Filing
ESAB Corp CEO Shyam Kambeyanda reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 8, 2024, Shyam Kambeyanda, President and CEO of ESAB Corp, reported transactions involving common stock.
- 6,123 restricted stock units vested, each representing a contingent right to receive one share of ESAB Corp common stock.
- ESAB Corp withheld 2,958 shares to cover the reporting person's tax liability related to the vesting of these restricted stock units at a price of $100.6 per share.
- Following these transactions, Kambeyanda directly owns 60,356 shares of ESAB Corp common stock and 12,247 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the holdings of key personnel.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of transaction: vesting of restricted stock units and tax withholding. |
| 03/08/2024 | One-third of restricted stock units vested. |
| 03/08/2026 | Expiration date of remaining restricted stock units. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
| 03/08/2025 | Next vesting date for restricted stock units. |
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