RALES MITCHELL P 4

What Happened Mitchell P. Rales, Executive Chair of ESAB Corp (ESAB), was granted 596 deferred stock units (DSUs) on June 30, 2026. The grant is reported as an award (code A) at $0.00 per unit; the DSUs are payable solely in common stock and no cash was exchanged at grant.

Key Details

• Transaction date: 2026-06-30; Form 4 filed 2026-07-02 (covers the June 30 grant).
• Grant: 596 DSUs reported at $0.00 per unit (total reported value $0 on grant).
• Underlying shares: DSUs will be settled in ESAB common stock, but the underlying shares will not be issued until the earlier of the reporting person’s death or January 31 of the second calendar year following the reporting person’s retirement from ESAB’s Board. (Footnote provided in filing.)
• Holdings disclosures: Footnotes indicate substantial family/related-party holdings (family partnership, trusts, custodial accounts) and include disclaimers of beneficial ownership except as to pecuniary interest; these are background ownership notes, not part of the DSU grant itself.
• Filing timeliness: No late-filing indicator was reported; the Form 4 was filed two days after the grant date.

Context DSUs are a deferred equity award — they represent the right to receive shares later rather than immediate stock issuance. Such awards are common for board members and are not an immediate buy or sale signal to the market. The payment timing (upon death or after a specified post-retirement date) means these units do not increase current outstanding share count until settled.