Form 4: ESAB Corp CFO Kevin J. Johnson Reports Changes in Beneficial Ownership
SEC Form 4
Chief Financial Officer Kevin J. Johnson reports transactions involving ESAB Corp common stock, including the vesting of restricted stock units and shares withheld for tax liabilities.
Summary
- On May 12, 2025, Kevin J. Johnson, CFO of ESAB Corp, reported changes in his beneficial ownership of the company's common stock.
- These changes include the vesting of 1,810 and 3,613 restricted stock units, which converted into common stock.
- ESAB Corp withheld 875 and 1,746 shares, respectively, at a price of $128.66 per share, to cover Johnson's tax liabilities related to the vesting of these restricted stock units.
- Additionally, 16,675 performance-based restricted stock units vested, with 8,055 shares withheld for tax liabilities at the same price of $128.66.
- Following these transactions, Johnson directly owns 25,955 shares of ESAB Corp common stock.
- The reported transactions also involve restricted stock units that vest in installments over several years.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The document outlines the vesting schedule for remaining restricted stock units, indicating future potential increases in the reporting person's holdings.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings of key company personnel.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
- Tax withholding practices related to equity compensation are standard across publicly traded companies.
- Comparable companies such as Lincoln Electric or Illinois Tool Works (ITW) also utilize similar equity-based compensation strategies for their executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
- The vesting of restricted stock units incentivizes the executive to focus on long-term company performance.
Key Dates
| Date | Description |
|---|---|
| 05/12/2022 | Date of grant of performance-based restricted stock units. |
| 05/12/2023 | First vesting date of restricted stock units granted on May 12, 2022. |
| 05/12/2025 | Date of transaction and vesting of restricted stock units and performance-based restricted stock units. |
| 05/12/2026 | Next vesting date of restricted stock units granted on May 12, 2022. |
| 05/12/2027 | Final vesting date of restricted stock units granted on May 12, 2022. |
| 05/14/2025 | Date of signature by Attorney-in-Fact. |
Keywords
ESAB Corp, Kevin J. Johnson, Form 4, Beneficial Ownership, Restricted Stock Units, Vesting, Tax Withholding, Common Stock, CFO
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