Hedlund Steven B 4

What Happened Steven B. Hedlund, Chairman, President & CEO (and a director) of Lincoln Electric Holdings Inc. (LECO), was awarded restricted stock units (RSUs) totaling 26,715 shares on 2026-02-18 (two entries: 5,340 shares and a 21,375-share derivative award). On 2026-02-19, 496 shares were disposed/withheld to satisfy tax obligations at $288.12 per share, generating approximately $142,908. The awards were reported at $0.00 acquisition price (typical for RSUs).

Key Details

• Grant dates: 2026-02-18 (awards recorded at $0.00).
• Tax withholding/disposition: 2026-02-19 — 496 shares at $288.12/share = $142,908 (transaction code F = tax withholding/payment).
• Award breakdown: 5,340 shares (immediate award entry) + 21,375 shares (derivative award subject to vesting).
• Vesting note (footnotes): The derivative RSU award is pursuant to a restricted stock unit award (F1) and vests/exercisable in equal installments on the first, second and third anniversaries of the grant date (F2).
• Shares owned after transaction: not provided in the supplied filing excerpt.
• Filing timeliness: Report filed 2026-02-20 for a 2026-02-18 grant (appears timely under standard Form 4 reporting rules).

Context RSU grants are compensation, not open-market purchases; the small disposition here reflects routine tax withholding to satisfy payroll/tax liabilities rather than an opportunistic sale. The larger 21,375-share portion is a vesting-based (derivative) award that will convert to common shares over three annual installments per the footnote.