RALES MITCHELL P 4

What Happened

• Mitchell P. Rales, a director of ESAB Corp (ESAB), received a grant of 570 deferred stock units (DSUs) on March 31, 2026. The DSUs were granted as an award (transaction code A) with an acquisition price of $0. The DSUs are payable solely in ESAB common stock, so they are reported as shares in this Form 4.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-01 (appears timely).
• Award: 570 deferred stock units; reported acquisition price $0.
• Shares owned after transaction: not specified in this filing.
• Notable footnotes:
  • The DSUs will not convert to issued shares until the earlier of the reporting person’s death or January 31 of the second calendar year after the director’s retirement from the Board.
  • Some reported shares are held through a single-member LLC (with a revocable trust as sole member) and through custodial accounts for the reporting person’s daughter; the reporting person disclaims beneficial ownership of the daughter’s custodial shares.
  • The reporting person is a trustee of the Mitchell P. Rales Family Trust.

Context

• DSU awards are deferred compensation: they do not result in immediate issued shares or proceeds and are typically paid later in stock, so they do not by themselves signal immediate bullish or bearish trading. This filing documents the grant and the deferred nature of the award.