Negro Renato 4

What Happened
Renato Negro, Controller of ESAB Corporation, had 509 restricted stock units (RSUs) convert to common shares on 2026-03-02. Of those 509 shares, ESAB withheld 192 shares to satisfy the reporting person's tax liability at $121.64 per share, totaling $23,355. No open-market sale occurred; the withholding was a net-share settlement, leaving the reporting person with 317 shares delivered to them.

Key Details

• Transaction date: 2026-03-02 (reported on Form 4 filed 2026-03-03 — timely filing).
• Conversion/exercise: 509 RSUs converted to 509 shares (derivative code M). The filing shows a $0.00 per-share cash value for the derivative conversion entry.
• Tax withholding: 192 shares were withheld to cover taxes at $121.64/share, amount $23,355 (code F). Footnote clarifies no shares were sold by the reporting person to satisfy the tax liability.
• Vesting terms: These are RSUs that vest in three equal annual installments (footnote). This appears to be one installment vesting.
• Shares owned after transaction: Not disclosed in the provided filing details.

Context

• This was not a market purchase or sale but a routine issuance from the vesting of RSUs with net-share settlement for taxes. Such withholdings are common and do not indicate an open-market sale or a directional bet by the insider.
• For derivative entries: the M code indicates exercise/conversion of a derivative (here, RSUs converting to shares); the F code indicates shares withheld for tax liability.